Air India takes off for $69m syndication
![Air India](https://assets.euromoneydigital.com/dims4/default/8e75d22/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F5e%2Fcf%2F1567c3fd019b68528588633c321d%2Fairindia230px.jpg)
Air India is tapping the syndicated loan market to refinance a $69.065m aircraft purchase facility. The carrier, which reported its first operating profit in a decade in the 2016 fiscal year, is relying on a guarantee from the Indian government to reel in demand.
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