Air India floats tender for loan to buy planes for VVIPs
Air India has floated a tender to raise â¹3,460 crore to bridge finance a loan taken to buy three Boeing 777-300ER planes, two of which will be used by VVIPs. The planes are scheduled to be delivered by February 2018. Notably, bridge financing is an interim financial option usually used for a short-term period till a long-term option is available.