AI to raise Rs 4,434 crore to finance fleet acquisition

NEW DELHI: Air India will have to raise about Rs 4,435 crore through its internal resources and borrowings in 2010-11 to finance its fleet
acquisition, even as the government promised to infuse additional equity worth Rs 1,200 crore during the period.
The ailing national carrier is expected to induct four Boeing 777-300 (Extended Range) and one Airbus A-321 during this financial year. With the arrival of the A-321, Air India would complete its order of......

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