Air India seeks $300m commercial loans

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

State-owned carrier Air India has invited offers from Indian and foreign banks as well as financial institutions for up to $300 million in external commercial borrowings.

According to the terms of the tender, the carrier is seeking minimum average maturity period of three years.

The loan, which will be used for working capital purposes, can be fixed or floating.

Bids have to be sent by 28 May.