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Investing.com -- Air India is looking to secure a bank loan of approximately $200 million to acquire a fleet of Boeing (NYSE:BA) 777 aircraft from a US-based leasing company, according to a Bloomberg report on Tuesday.
The loan is being sought through AI Fleet Services IFSC Ltd., a subsidiary of Air India registered in GIFT City, which handles aircraft purchases and leasing for the group. Air India operates two airline brands - its full-service carrier Air India and the budget airline Air India Express.
Discussions about the funding began earlier this year but slowed following the crash of an Air India Boeing 787 Dreamliner in Ahmedabad last month. The talks have recently resumed, though the final details of the deal may still change.
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