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Air India seeks $555-m bridge loan

PTI New Delhi | Updated on January 08, 2018

Air India plans to raise $555 million by way of bridge loan for the purchase of three Boeing aircraft, according to a tender document. The disinvestment-bound national carrier would be taking delivery of three B777-300 ER planes early next year.

The airline has sought offers from “banks/ financial institutions to arrange a bridge financing up to $555 million for financing the acquisition of the three B777-300 ER aircraft to be drawn equally at the time of taking delivery of the aircraft,” the document said.

At current exchange rate, the amount would be around ₹3,594 crore.

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Published on October 16, 2017
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