A-I raises Rs 2,250 cr to acquire 68 Boeings

National flag carrier Air India has raised $500 million (nearly Rs 2,250 crore) from ABN AMRO-led banking consortium to make pre-delivery payment (PDP) to US-based aircraft manufacturer Boeing Company.

Air India had signed an agreement with Boeing in December 2005 for acquiring 68 aircraft, including 18 for its low-cost subsidiary Air India Charters. The total acquisition cost is valued over $7.2 billion.

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