Air India raises $215 million from Standard Chartered, BOI: Report
Air India raised $215 million from British multinational bank Standard Chartered and Bank of India (BOI), reports stated. The six-year loan, raised through GIFT City, is priced at about 168 basis points over the secured overnight financing rate. Proceeds will be used to refinance shorter-duration debt that Air India used to acquire six Boeing 777-300ER aircraft.