State-run Air India Ltd will start the process of financing seven Boeing Co. 787 Dreamliners by floating a request for proposal for about $850 million (Rs.3,842 crore) in April.
Air India’s seven Dreamliners are tentatively scheduled to be delivered between October and March next fiscal, according to two people familiar with the matter. The carrier has a total of 27 on order. Boeing has been unable to deliver the aircraft on time because of technical issues, causing delays of up to 3 years.
The Indian carrier plans two fund-raising options—from the market and the US Export-Import (Exim) Bank—according to the terms of Air India’s......
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