Air India is preparing for a $1.6 billion bond sale to refinance existing debt and improve its financial situation. The company believes the strategy will succeed because it has strong government backing. In addition, Air India has taken steps to lower operation costs by modernizing its fleet and reorganizing its flight routes. Having government support provides Air India with a great advantage compared to India’s other flight companies, Kingfisher Airlines and Jet Airways, which are struggling with high fuel costs and the results of a price war.
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Air India planning $1.6b bond sale