Air India revives plans to raise Rs 500 cr; to mop up Rs 6,100cr from Aircraft sale and lease back
Debt-ridden Air India has revived its plans to raise Rs 500 crore in short-term loans (STLs) besides mopping up another Rs 6,100 crore by way of sale and lease back of seven of its wide-body planes, including six Boeing 787 (Dreamliner) aircraft, an airline official said.
Air India managed to get Rs 1,000 crore from the National Small Savings Fund (NSSF) as loan and subsequently the plan to raise Rs 500 crore was put on hold. Image courtesy: Reuters