Air India has secured a $200 million loan from the state-owned Bank of India to finance the purchase of three Boeing 787 aircraft. On April 2, Air India sought bids from Indian and foreign banks to finance up to $50 million for making pre-delivery payments for three Boeing 787s, according to an airline official. The three aircraft are slated to be delivered starting in June, the Air India official says.

NEW DELHI — Pakistan’s homemade Mushshak military aircraft crashed while on a routine training flight, killing both its pilots. Pakistan exports Mushshak aircraft to several Middle Eastern countries, including Iraq and Saudi Arabia. The two-seat trainer crashed in Rahwali Cantt Gujranwala, 151 km (93 mi.) southeast of Islamabad, a statement from the Pakistan army says. The Pakistan army is investigating the exact reasons for the crash.

More trouble is brewing for Air India, as its employees have threatened to strike over the airline’s proposal to reduce certain pay allowances, a move likely to strain operations ahead of the busy holiday travel season. The cash-strapped national carrier wants a 15% reduction in allowances for all categories of employees, including pilots, an airline official says.