15-Sep-2010 10:42 AM

Air India to raise USD1.15bn to refinance aircraft loans

Air India reportedly plans to offer a tender to raise USD1.15 billion to refinance an aircraft purchase loan (Economic Times, 15-Sep-2010). An offer is reportedly to be made to international and local banks in Oct-2010 or Nov-2010. The carrier will either use an aircraft as collateral or a government guarantee on the loan.