Business Daily from THE HINDU group of publications
Monday, Sep 22, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Monday, Sep 22, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Logistics
-
Airlines AI signs $550 m financing deal with US Exim for 8 Boeing Our Bureau New Delhi, Sept. 21 Air India has signed a $550 million financing arrangement with the US Exim Bank to finance the purchase of three Boeing 777 and five Boeing 737-800 aircraft, which are to be delivered to the airline through 2009. The aircraft for which financing has been arranged are part of the 68 Boeing aircraft deal that the airline signed with the US-based aircraft manufacturer in 2006. In a statement the airline has said that the facility would be financed by Standard Chartered Bank with a guarantee from the US Exim Bank and has been raised at rates sub libor. The commercial portion of 15 per cent is being financed out of a term loan from IDBI Bank for Rs 285 crore. The agreement was signed between the Chairman and Managing Director, Air India, Mr Raghu Menon, and the Chairman, Exim Bank, Mr James Lambright, in Washington. The latest agreement raises the total amount of facility raised by Air India to $1.75 billion for 25 Boeing aircraft. More Stories on : Airlines
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
