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Air India to restructure USD1.12 billion debt

6-May-2010 11:07 AM

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.