Air India in a Search for $555 Million Loan

October 29, 2017 ,   Airlines

Air India is currently seeking for a bridge loan of up to US$555 million in order to take delivery of 3 Boeing aircraft from a prevailing order expected to boost the strength of its fleet.

Air India Ltd

The airline, that is due to take delivery of a trio of B777-300 ER aircraft in early 2018, has invited offers from financial institutions or banks to arrange the bridge financing for a 12-months period.