Air India floats tender to raise US$535m to buy 3 Boeing planes
Air India has floated a tender to raise US$535m to bridge finance a loan raised to acquire 3 Boeing 777-300ER planes. Two of the planes will be used by the govt for ferrying important officials, a spokesperson said. The planes are part of the historic and much-debated $15b 111 plane order placed by the airline in 2005-06. They included 68 Boeings and 43 Airbus planes. The Boeings included 15 777s, 12 of which have been delivered. They are deployed into long haul routes like the US. Two of the remaining 3 will be delivered in January and the last one in Feb 2018. The bridge finance will be availed for 12 months or till the refinancing of the loan, whichever is earlier. The airline has solicited interest from lenders for loan worth up to $535m, for which 2 separate term sheets would be inked. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-11-06/star/air-india-floats-tender-to-raise-us-535m-to-buy-3-boeing-planes
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Air India floats tender to raise US$535m to buy 3 Boeing planes
Air India has floated a tender to raise US$535m to bridge finance a loan raised to acquire 3 Boeing 777-300ER planes. Two of the planes will be used by the govt for ferrying important officials, a spokesperson said. The planes are part of the historic and much-debated $15b 111 plane order placed by the airline in 2005-06. They included 68 Boeings and 43 Airbus planes. The Boeings included 15 777s, 12 of which have been delivered. They are deployed into long haul routes like the US. Two of the remaining 3 will be delivered in January and the last one in Feb 2018. The bridge finance will be availed for 12 months or till the refinancing of the loan, whichever is earlier. The airline has solicited interest from lenders for loan worth up to $535m, for which 2 separate term sheets would be inked. <br/>
