Air India awaiting govt approval for bond sale

Last Updated: Mon, Oct 08, 2012 05:21 hrs
Air India pilot Singh and Boeing South Carolina vice president and general manager Jones take part in a ribbon-cutting ceremony to mark Air India's receipt of the first 787

Ailing national carrier Air India is awaiting approval from the government for a 74-billion-rupee ($1.4 billion) bond sale, Chairman Rohit Nandan said on Monday.

In July, the airline had invited banks to bid for underwriting roles for the bond sale and was seeking to sell the debt via a private placement.

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