Air India is looking for alternate funding, as a cash-strapped government of India has been unable to provide promised equity for the past six months. In a board meeting this week, the airline approved a plan to sell five Boeing 777-200LR aircraft to Etihad Airways. This is expected to bring in about $350 million, but the airline may need to borrow more for its working capital needs. Last year the government signed off on a turnaround plan, which included $6.5 billion equity infusion ...

Subscribe to Access this Entire Article

"Air India to increase borrowing" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? Log in here.