New Delhi: Air India has spent USD1.80 billion in acquiring 16 Boeing 787 Dreamliner aircraft in the last three financial years.
According to Minister of State (Civil Aviation) G.M. Siddeshwara, Air India has entered into a sale and lease-back arrangement for seven of its Boeing 787 aircraft.
"Funding for the same has been arranged by way of Exim Bank-backed loans, with participation of junior lenders," the minister informed the Lok Sabha in a written reply.
"The remaining aircraft have been acquired under a short term bridge financing facility arranged by various Indian and foreign banks."
Air India has also signed a delay compensation agreement with Boeing in September 2012, as deliveries of some of its aircraft were delayed due to design reasons.
