Air India 787. Courtesy, Boeing The Indian Ministry of Finance has approved an unconditional and irrevocable guarantee for Air India’s (AI) non-convertible debenture bonds for about $1.5 billion. The airline will now credit rate the 19-year bond based on the guarantee, which gives it the benefit of better interest rates. The proceeds, which are expected to considerably improve the airline’s liquidity position, will be used to repay the short-term working capital availed by ...

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