Air-India Gets Credit Of $214mn To Buy 8 Aircraft
National air-carrier, Air-India said it has signed a USD 214.118 million loan facility for purchase of eight aircraft.
Air India’s holding company, National Aviation Company of India (NACIL) has signed a pre-delivery finance loan facility for purchase of three 777-200LRs and five 777-300ERs to be delivered in 2009 and 2010, a press release said.
The lead arrangers of the facility are Bank of Scotland and Deutsche Bank while the co-arrangers are ING Bank and Natixis Transport Finance.
The agreement was signed on July 30 in London. NACIL has ordered 111 aircraft comprising a mix of Airbus and Boeing 737 and 777 aircraft. So far, it has taken delivery of 38 aircraft.
[...] Air-India Gets Credit Of $214mn To Buy 8 AircraftNational air-carrier, Air-India said it has signed a USD 214.118 million loan facility for purchase of eight aircraft. Air India’s holding company, National Aviation Company of India (NACIL) has signed a pre-delivery finance loan … [...]
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