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US$1 billion loan for Air India

New Delhi, India - Furthermore New Delhi's government is planning a public financing

Air India's quest for cash continues. Through its parent National Aviation Company of India (NACIL), in fact, the carrier is going to receive an US$1.06 billion loan from JPMorgan Chase & Co to finance the purchase of 10 Boeing passengers aircraft. The loan will be guaranteed by US Export-Import Bank. The funds so raised will be used to pay three Boeing 777/200s, four 777/300s and three 727/800s....

AVIONEWS - World Aeronautical Press Agency - 1107138
Rome, Italy, 07/14/2009 17:47
AVIONEWS - World Aeronautical Press Agency

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