Tag Archives: Loans

Air India seeking $500 million bridge loan for four 787 Dreamliners

National carrier Air India has floated a tender seeking bridge loans of up to $500 million as financing for taking delivery of four Boeing 787-8 Dreamliners numbers 15 through 18 of the carrier’s 27 aircraft order. The carrier has arranged financing for the first 14 Dreamliners in its fleet. It is scheduled to receive its 15th Dreamliner in May 2014, …

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US airlines and pilots sue US Exim bank to stop Air India loan guarantees

Claiming unfair advantage being giving to foreign carriers, Delta Air Lines, one of the world’s largest, along with the Air Line Pilots Association (ALPA) which represents 47,000 pilots working for 28 U.S. commercial airlines, and Hawaiian Airlines, have sued the Export-Import Bank of the United States for providing cheap financing in the form of $1.3 billion in loan guarantees and …

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Opinion: Why are tax-payer funded banks going easy on Kingfisher Airlines loans recovery?

by Devesh Agarwal The consortium of banks which lent vast sums of money to Vijay Mallya promoted Kingfisher Airlines seem to be making a mockery and charade of recovering almost Rs. 7,000 Crore worth of loans from the airline and its guarantors. The question is why? As per a Mint report, SBI, the leader of the creditors’ consortium, has the …

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Infographic: How much does Kingfisher Airlines owe to each bank

by Devesh Agarwal As banks move to recall their loans to Kingfisher Airlines, below is an infographic showing the exposure of various banks to the airline. Click on the image for a larger view. You can also download the graphic, by right clicking once you click on the image.

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