Air India extended the request for quotations deadline – for a long-term loan of USD1.2 billion to refinance the purchase of 21 aircraft from 21-Jun-2010 to 16-Jul-2010 – after failing to receive suitable offers (Press Trust of India, 24-Jun-2010).
Air India extends request for quotations deadline
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India’s status as the fastest growing aviation market in the world creates tremendous opportunities. But risks are also heightened as the inadequacy of India’s infrastructure planning, a fast emerging shortage of skills, flawed policy initiatives, and weak regulatory oversight threaten to become major stumbling blocks. The potential is enormous; but unless government bites the bullet, it will be seriously constrained.
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