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Air India 13.8 Billion Contract And Merger

Fri Feb 24, 2006 3:13 am

In Singapore to go to Asian Aerospace. An article in a local paper states that Air India and Indian Airlines are looking at merging. Anyone with further info apart from Air India And Indian Airlines May Merge (by LAXDESI Feb 20 2006 in Civil Aviation) ?

Also statements from Air India Chairman Mr V Thulasidas stating that Air India is in discussion with Exim Bank (USA) and "also in discussions with other banks" to pay for 68 aircraft.

Have the 68 aircraft been ordered ? or are they "subject to finance", and not "sold".
We are addicted to our thoughts. We cannot change anything if we cannot change our thinking – Santosh Kalwar
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RE: Air India 13.8 Billion Contract And Merger

Fri Feb 24, 2006 3:25 am

Quoting Zeke (Thread starter):
Have the 68 aircraft been ordered

I thought the deal with Boeing was already signed. for 787s, 737-800s and a combination of 777-200 and 777-300s.
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RE: Air India 13.8 Billion Contract And Merger

Fri Feb 24, 2006 1:09 pm

The deal has been signed, and the advance (or equivalent paid). Now AI needs to arrange for the rest of money - which would explain their shopping for funds. I guess they'll have to pay the money in installments or against each aircraft (I'm not familiar with how this is done so any inputs would be great).
Incredible India!

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