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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; santanu.choudhury@dowjones.com

Stock News for Boeing (BA)
DateTimeHeadline
07/23/201416:38:22MARKET SNAPSHOT: S&P 500 Closes At Record On Strong Earnings
07/23/201412:07:40MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Sets Intraday Record
07/23/201410:20:13MARKET SNAPSHOT: U.S. Stocks Inch Higher; Boeing Weighs On Dow
07/23/201409:50:41MARKET SNAPSHOT: U.S. Stocks Open Higher; S&P 500 At Record
07/23/201409:42:33MARKET SNAPSHOT: U.S. Stocks: Futures Higher After Strong Earnings
07/23/201407:03:16MARKET SNAPSHOT: U.S. Stocks: Futures Higher; Boeing Ahead
07/23/201406:01:52MARKET SNAPSHOT: U.S. Stocks: Futures Track Global Gains; Boeing...
07/22/201417:50:18Crash Investigators Face Difficult Task in Ukraine
07/21/201409:10:39MARKET SNAPSHOT: U.S. Stocks: Futures Fall On Gaza, Russia Headlines
07/21/201408:02:36MARKET SNAPSHOT: U.S. Stocks: Futures Drop On Gaza, Russia Headlines
07/21/201406:06:46MARKET SNAPSHOT: U.S. Stocks: Futures Dip On Gaza, Russia Headlines
07/21/201406:03:12MARKET SNAPSHOT: U.S. Stocks: Futures Dip On Israel, Russia Headlines
07/21/201403:20:37MARKET SNAPSHOT: Small Caps' Slump, Ukraine Fears May Hold Up...
07/20/201420:56:08Jet's Black Boxes Are Caught in Crossfire
07/20/201420:43:12Black Boxes Remain Crucial to Malaysia Airlines Crash Investigation
07/19/201411:22:31Ukraine Knew of Separatists' Air-Defense Capabilities, Say Officials
07/17/201419:15:11Ukraine Crash Deals New Blow to Malaysia Airlines
07/17/201419:10:41Malaysia Airlines Plane Was Hit by Surface-to-Air Missile, U.S...
07/17/201416:32:22Malaysia Airlines Plane Crashes In Ukraine With 295 on Board
07/17/201414:10:59Sophisticated Surface-to-Air System Needed to Shoot Down High-Flying...

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