Loading
15-Mar-2011 9:58 AM

Air India to float tender for B787 financing in Apr-2011

Air India Ltd will reportedly commence the process of financing seven B787s by floating a request for proposal for around INR3.8 billion (USD850 million) in Apr-2011 (Live Mint, 14-Mar-2011). The carrier's B787s are reportedly tentatively scheduled for delivery between Oct-2011 and Mar-2012. The carrier, which has 27 B787s on order, is reportedly considering two fund-raising options - from the market and from the US Export-Import (Exim) Bank. The airline intends to test both financing options to ascertain whether either one or a mix will be less burdensome on its cash flow.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More