Tag Archives: Export-Import Bank

Air India to get Rs.6,500 crore bailout this year

A tail parade of each of Air India's Boeing aircraft as in 2011. The 747-400, 777-300ER, 777-200LR and 737-800.

National carrier Air India will receive a total of Rs.6,500 crore (about $1.08 billion) financial bail-out this year. The tax-payer funded bailout is part of a package exceeding Rs. 30,000 crore (about $6 billion at the time) approved in April 2012 and to be completed over nine years. In his maiden budget budget yesterday, the finance minister Arun Jaitley proposed …

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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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Air India fleet plan calls for sale-leaseback of 787

Earlier this week, Air India, the beleaguered Indian national carrier, announced that it would be utilizing a sale-leaseback arrangement to evade the divisive lawsuit filed by the Air Transport Association (ATA), a US airline lobby group, over Us $ 3.4 billion worth of financing for the carrier’s order of 27 Boeing 787 and 3 777-300ER widebody jets. The lawsuit from …

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