Tuesday, May 8, 2012

Air India Looks to Raise Capital

Air India, the Indian flag carrier has asked banks for up to $800million in order to further expand it's international network. This figure is expected to include $300million in overseas and most of the money will be used to purchase the Boeing 787 Dreamliners that the airline has on order. 

Air India has also been in the news after reportedly dismissing 100 pilots after they refused to turn up for work because of a dispute. This caused the airline to cancel 4 international flights.

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