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Air India bond sale likely to get unconditional govt guarantee: source

Source : REUTERS
Last Updated: Tue, Oct 09, 2012 08:22 hrs
Air India aircrafts stand on the tarmac at the airport in Mumbai

The government is likely to give an unconditional guarantee for Air India's 74 billion rupee bond sale, a government source said.

The source said the aviation and finance ministries were in final talks regarding the guarantee.

The national carrier postponed the deadline for bid submissions for the sale to October 12, in the sixth such delay, still hoping to get an unconditional guarantee before the new date, IFR, a Thomson Reuters publication, reported on Tuesday.


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