Tuesday, August 14, 2012

NEWS | Air India to receive 787s this month

Three Dreamliners await delivery in the company’s North Charleston flight line, including the 787 built next door at the final assembly center. (File photo/Leslie Burden)Air India expects to receive its first and second 787 in August, according to a request for proposals on the government-owned airline’s website.
The delivery could include the first Lowcountry-built 787, which Boeing Co. officials said would be delivered in June. But that delivery was delayed amid negotiations over the 787 program’s delays. Three Dreamliners await delivery in the company’s North Charleston flight line, including the 787 built next door at the final assembly center.

Air India included its delivery expectations in a request for proposals for bridge financing of as much as $500 million for the airline’s third, fourth, fifth and sixth Dreamliners. The airline expects those deliveries to fall between August and December.
Boeing officials weren’t available for comment.
Bridge financing isn’t common in airline purchases, said Tom Hollahan, managing director for Global Aviation at Citibank. In general, customers use bridge loans to take delivery if permanent financing isn’t ready.

SOURCEhttp://www.charlestonbusiness.com/news/44842-air-india-could-receive-787s-in-august?rss=0
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