6-May-2010 11:07 AM

Air India to restructure USD1.12 billion debt

Air India parent, the National Aviation Company of India Ltd (NACIL) reportedly announced plans to restructure USD1.12 billion in debt to a dollar-denominated loan or a rupee bond to decrease interest costs (Dow Jones, 06-May-2010). The loan was made in 2009 to finance the acquisition of 21 Airbus aircraft.

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