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.
