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Air India Seeks Proposals From Banks, Financial Institutions To Raise Up To $500 Million

NEW DELHI -(Dow Jones)- Air India Ltd., the loss-making national carrier, has invited proposals from banks and financial institutions to raise a short-term loan of up to $500 million to finance the purchase of four 787 Dreamliner jets from Boeing Co. (BA). The airline has also sought offers from banks and financial institutions to raise up to $300 million in overseas borrowing, according to two tenders posted Monday on its website. Air India said it expects to take delivery of a Dreamliner plane each in June, September, November and December. The state-run airline said that the bridge financing, for a period of six months to a year, won't be covered by a federal guarantee and that it will instead "offer the aircraft as security or some other equivalent collateral security." -By Santanu Choudhury, Dow Jones Newswires; +91-11-4356-3305; [email protected]

Stock News for Boeing (BA)
DateTimeHeadline
03/21/201707:02:00BOC Aviation Unit to Buy 13 Boeing Aircraft
03/21/201705:05:00Boeing, Ryanair Celebrate Delivery of Airline's 450th Next-Generation...
03/17/201717:30:00Boeing Boosts Payouts to CEO and GE Recruit -- 2nd Update
03/17/201717:07:00Boeing Boosts Payouts to CEO and GE Recruit -- Update
03/17/201717:03:00Boeing Boosts Payouts to CEO and GE Recruit
03/17/201715:29:27Additional Proxy Soliciting Materials (definitive) (defa14a)
03/17/201715:20:17Additional Proxy Soliciting Materials (definitive) (defa14a)
03/17/201715:12:19Proxy Statement (definitive) (def 14a)
03/16/201713:31:00Trump Nominates Boeing Executive to be Pentagon Deputy -- Update
03/16/201713:19:00Trump Nominates Boeing Executive to be Pentagon Deputy
03/15/201700:17:00SpaceX Scores Another Win in Push for Military Satellite Launches
03/13/201711:00:00Boeing, CDB Aviation Lease Finance Announce Order for 30 737...
03/10/201710:11:00Airbus Says Iran Air Received First New Widebody Plane Since...
03/09/201708:00:00Boeing 737 MAX 8 Earns FAA Certification
03/08/201712:59:00Boeing Confident On Rate Increase
03/08/201708:15:00Qatar Air CEO Says Airbus Still Behind on A350, A320neo Deliveries
03/07/201722:11:00Boeing Eyes Twin-Aisle Design For New Jet
03/07/201712:10:00Boeing Celebrates Rollout of First 737 MAX 9
03/02/201716:28:00More Than 1,800 Boeing Employees Accept Voluntary Buyouts...
03/02/201712:47:00Correction to NASA's Russian Space Contracts Story

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