Air-India, which recently gave a $9bn order for
68 Boeing aircraft is planning to raise over $1.5 billion
to part-fund the acquisition.
India is also planning to adopt an innovate borrowing
structure including sale and lease back programmes,
a popular aircraft financing method for private domestic
India has already floated enquiries calling for bids
from banks and financial institutions for the second
tranche of aircraft deliveries beyond December 2007
up to March 2009, as pre-delivery payments (PDP) in
respect of aircraft and spare engines to be delivered
during 2008 and 2009.
airline will pay 15 per cent of the total amount as
advance in the form of PDP and 85 per cent as delivery
India has invited financing packages for Exim Bank,
US guaranteed facility for $1.06 billion and commercial
facility of $181.85 million for 10 aircraft comprising
a combination of Boeing family aircraft including B777-200
LRs, B777-300 ERs and B787s."