Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
April 25, Wednesday 2018 12:33 PM       

       HEADLINES: Baby girl found abandoned                                              POCSO Act: Death penalty will be futile, says Justice Shah                                              Siddaramaiah files nomination from Badami                                              Parliament is not immune to casting couch: Renuka Chowdhary                                              Decision to reject impeachment motion against CJI was not hasty: Venkaiah Naidu                                              Centre defends death by hanging in SC, says far safer and quicker                                              Death toll in Toronto truck collision rises to 10                                              Fire in karaoke bar in China kills at least 18                                              Selective army censorship of press may impact Pak polls                                              US plans to end work permits for spouses of H-1B visa holders                                              IPL '18: Kings XI Punjab prevail as DD continue to lose                                              I’ll share champagne with Kohli if he breaks my record: Tendulkar                                              Barcelona Open: Bopanna-Vasselin look for winning start                                              Zverer surges to 3rd spot, Nadal stays top in ATP rankings                                              Tendulkar recalls 'happy dents' of World Cup triumph                                              Kaumudi Facebook
       BUSINESS Next Article: Idea to raise Rs 6,750 cr ahead of Vodafone merger  
       Air India ties up with three banks for loans for three B777 planes
 
         Posted on :22:01:09 Jan 4, 2018
   
A A
       Last edited on:22:01:09 Jan 4, 2018
         Tags: Air India, B777 planes
 
New Delhi: State-owned Air India has tied up with UAE-based First Abu Dhabi Bank as well as Standard Chartered Bank and Mashreq Bank to avail short-term loans for acquiring three Boeing 777 aircraft, Union minister Jayant Singh said on Thursday.
 
Two of the aircraft are to be used for ferrying VVIPs, the minister of state for civil aviation said in a written reply in the Lok Sabha.
 
The delivery of the three B777-300 ER planes is scheduled to be completed next month -- two in January and one in February.
 
"Air India has signed a short-term buyers credit facility agreement with First Abu Dhabi Bank PJSC jointly with Standard Chartered Bank and Mashreq Bank PSC for acquisition of three B777-300ER aircraft," the minister said.
 
In early November, the disinvestment-bound airline issued a revised tender (after first floating it in October), soliciting interest from lenders for a loan worth up to USD 535 million (around Rs 3,460 crore).
 
Last month, the airline also floated tenders for securing loans worth over Rs 1,100 crore for modification of two Boeing aircraft for ferrying VVIPs -- the president, vice-president and prime minister.
 
In 2006, Air India placed orders with Boeing for 68 aircraft 27 Dreamliners, 15 B777-300 ERs, eight B777-200 LRs and 18 B737-800s.
 
Of these, the state-run carrier has already taken the delivery of 65 planes, including 12 B777-300ERs.
 
Following the downturn in the global aviation sector, the delivery of three B777-300ERs was postponed in 2010 as there was no "cancellation" clause in the original purchase agreement with Boeing Company.
 
Then, in September 2015, the carrier decided to take delivery of the remaining three planes as per the 2006 purchase agreement.
A A
       BUSINESS
Next Article: Idea to raise Rs 6,750 cr ahead of Vodafone merger
 
 
BUSINESS HEADLINES
CBDT notifies introduction of section 112A in the Act  
'Diesel price hike affecting garment industries'  
Sensex gains for 2nd day, Nifty tops 10,600-level  
E-way bill rollout on Wednesday in four states: Centre  
Nifty ends above 10,550, up 20.65 points  
Millennials switching jobs fast, techies lead the way: Study  
Deposits in Jan Dhan accounts cross Rs. 80,000 crore  
Is cash crunch affecting printing machinery biz?  
Recruitment growth eases to 3% in March '18  
India's role to expand in Indo-Pacific region: IMF  
Forex reserves at life-time high of $426.082 bn  
Sensex ends flat; tech stocks surge  
Passengers could be compensated up to Rs. 20,000 for flight delays, cancellations: draft rules  
Rlys' operating ratio could be its worst ever in FY 18  
Chai villa: Engineering couple who gave up cushy jobs to sell tea  
Sensex spurts 96 pts in see-saw trade; metals shine  
Cash crunch: Now bank unions threaten agitation  
Sensex rises over 100 pts, Nifty above 10,500  
Reports of cash shortage defy logic: SBI  
Lenders need to be proactive in monitoring borrowers: RBI  
Loan default: DPIL directors presented before CBI court  
Parliamentary Committee summons RBI Governor amid banking scams  
Pay extra for choosing middle seats on Air India flights  
Govt invites EoI for strategic sale of Bharat Pumps  
China facing possible economic meltdown  
 
Do you agree with setting age limits for giving death penalty to rapists?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy