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2009 Deals of the Year: Asia and Middle East
27 April 2010
2009 Deals of the year announced for Asia, Asia Pacific, and the Middle East.
Read more:
2009 Deals of the year
Asia Pacific
Middle East
Read to see who won Deal of the Year for: Asia, Asia Pacific and the Middle East.
Asia Deal of the Year
Air India gets $1bn bridge loan.
It was a big deal with big implications. Any airline that could secure a $1 billion check in the middle of 2009 deserves credit for its success.
Air India closed a deal with Standard Chartered Bank for a $1 billion bridge loan. The financing covered 10 Boeing aircraft scheduled to be delivered in 2010 and 2011. What was remarkable about the deal was the amount and the fact that the airline secured a commitment from a single lender without either a government guarantee or assurances from the US Ex-Im Bank during one of the most liquidity stricken years in aviation history.
“We were pretty sure the airline would get the guarantee either from Ex-Im or the government," says Charles Carlson, structured export...
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