Air India seeks Rs 5,800 cr to refinance bridge loans for 7 Boeing planes
Air India is looking to raise $819 million (over Rs 5,800 crore) to refinance existing bridge loans availed for six Boeing 787 and one Boeing 777 aircraft.
The national carrier is yet to have long term financing facility for six B787 and B777-300ER, according to a tender document.
Bids have been invited from banks, financial institutions for refinancing existing bridge loan facility worth $819 million.
At current exchange rate, the amount will be more than Rs 5,800 crore.
Air India had acquired 27 B787-800 planes and 15 B777-300ER aircraft.
