Debt-laden Air India Ltd is set to raise about ₹1,000 crore this week to complete a total fundraising of about ₹6,150 crore in short-term loans from local lenders, said two people with direct knowledge of the matter.
The fresh debt will be used to refinance comparatively pricier foreign currency bridge loans taken to purchase seven Boeing Co. 787 and 777 jetliners, the two people said, on condition of anonymity.
