New Delhi: Debt-laden Air India Limited plans to raise ₹6,150 crore through a short-term loan (STL) from domestic lenders by the end of this month, the airline said in a tender document on Wednesday.
Proceeds of the loan, which would carry a sovereign guarantee, would be utilized to refinance foreign currency bridge loans taken to purchase seven Boeing 787 and 777 aircraft.
The national carrier is also offering aircraft like Boeing 787 and Boeing 777 as collaterals for the loan, which will be repaid in a year.
