Air India to fund $70b plane order with cash, equity amid overseas push

Air India to fund $70b plane order with cash, equity amid overseas push

An Air India Airlines Boeing 787 dreamliner takes part in a flying display during the 50th Paris Air Show at the Le Bourget airport near Paris, June 14, 2013. REUTERS/Pascal Rossignol/Files

Air India said on Monday it plans to fund its $70 billion order for a record 470 aircraft with internal cash, equity and through sale-and-leasebacks, as the airline seeks to rapidly expand its presence in international markets.