Air India extends loan bids for seven Boeing planes to 22 November

Mumbai: State-run Air India has extended the deadline for lenders to submit bids for a ₹5,800-crore bridge-loan facility to refinance seven wide-body Boeing planes, to 22 November.

The financial bids were to scheduled to be closed on 14 November.

The carrier is seeking to refinance six Boeing 787s and one B777.

The selloff-bound airline had on 30 October floated bids from banks/ financial institutions to refinance its existing bridge-loan facility worth $819 million or worth over ₹5,800 crore by 14 November.