Air India (AI, Delhi International) has refinanced short-term loans from the State Bank of India and the Bank of Baroda, according to the Economic Times newspaper.

The refinancing occurred in the last quarter of 2023, with the airline securing INR190 billion rupees (USD2.29 billion) over a three-year term at 7.5% per annum. The loan replaces a previous INR180 billion (USD2.17 billion) bridging loan from the two banks.

INR133 billion (USD1.6 billion) of the new financing comes from the State Bank of India and…

Source: ch aviation
Read more: Air India refinances ₹190bn three-year loan