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Air India secures $220mn bridge loan

08 May 2012

The debt will be used to fund the first two 787 deliveries.

Read more: Air India 787 Dreamliner lessors delays

Air India has secured a $220 million bridge loan supplied by Standard Chartered Bank to finance the first two 787s due to deliver, according to a source at the airline.

The bridge loan funds the full purchase price of both...


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Quote

“At the current pricing it will become attractive again to issue Ex-Im-guaranteed bonds. This will help stabilize and drive pricing down from where it is now.”

Kostya Zolotusky, managing director, capital markets, Boeing Capital, says about the price of export credit.


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