Air India looking to raise $1.1 billion for aircraft and working capital
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Following a decision by the Indian Government to allow its domestic airline industry to raise up to $1 bn to meet working capital needs Air India has announced plans to raise $600 mn for working capital and is also seeking to raise a further $500 mn in a bridge loan to allow it to take delivery of four Boeing Dreamliners. Taiwan airline EVA, is to take delivery of 7 Boeing 777s to upgrade its fleet while Delta Airlines has taken a major step to take control of its fuel costs.

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