Key Points
Mumbai, Dec 20 (PTI) Japanese lender SMBC on Wednesday said the Tata Group-owned Air India has borrowed USD 120 million from it for purchasing a wide-body aircraft from Airbus...
The transaction has partly financed Air Indias purchase of an A350-900 aircraft from Airbus, which was delivered in October 2023, according to an official statement...
SMBC said this is a secured debt facility through its Singapore branch, while Air Indias GIFT City-headquartered arm AI Fleet Services is the borrower...
Nipun Aggarwal, Air Indias chief commercial and transformation officer, said the aircraft was among the first deliveries in the companys large aircraft order announced earlier this year...
This transaction is also a major step in expanding our aircraft financing business through GIFT City, Indias first International Financial Services Centre (IFSC), Aggarwal added...
You might be interested in
Air India acquires India's first A350 -900 through gift IFSC
29, Sep, 23India Business News: Air India has acquired its first Airbus A350-900 aircraft through a finance lease transaction with HSBC, marking the beginning of the airline's aircra
Air India borrows $120 million from Japan's SMBC to buy Airbus plane
20, Dec, 23India Business News: Air India has borrowed USD 120 million from SMBC, a Japanese lender owned by the Tata Group, for the purchase of an Airbus A350-900 aircraft. This tra
Air India offers sneak peak at their A350 aircraft
08, Oct, 23New Delhi [India], October 7 (ANI): Air India has provided aviation enthusiasts and travellers with a sneak peek at the new livery for their upcoming Airbus A350 aircraft. The airline took to its official social media account on X to share a glimpse of the livery for Airbus A350. Show Full Article In the post, […]
Air India signs $70-billion purchase agreements for 470 aircraft-order from Airbus, Boeing
21, Jun, 23Air India’s order includes 140 Airbus A321neo and 190 Boeing 737 MAX narrow-body aircraft. Besides this, the carrier also booked orders for 34 A350-1000 and six A350-900, along with 20 Boeing 787 Dreamliners and 10 Boeing 777X wide-body aircraft.
Making planes in India: This needs strategic intent and will take more time like China’s short-medium haul C919
22, Jun, 23Around 73 hitherto unserved or underserved airports, including nine heliports and two water aerodromes, have also been operationalised.
Air India finalises 'huge financing deal' for acquiring new fleet: CEO
10, Jun, 23Air India has put together a ‘huge financing deal’ related to its new fleet in a remarkably quick time, according to its chief Campbell Wilson.
Air India signs pacts to purchase 470 aircraft
25, Jun, 23Air India today signed agreements to buy 470 aircraft from Airbus and Boeing on the sidelines of the Paris Air Show. It had announced to acquire these planes in February.
Air India reveals first look of Airbus A350, getting ready to be delivered by year-end
07, Oct, 23India Business News: Air India is set to receive its first Airbus A350 aircraft before the end of the year, which will be the first aircraft in the airline's new livery. T
Air India inks deals with Airbus, Boeing to buy 470 planes
20, Jun, 23Air India added that the recent agreement go 'one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year'
Air India unveils its ‘game-changer’ Airbus A350, India’s latest gen wide body aircraft
18, Jan, 24India Business News: HYDERABAD: Union aviation minister Jyotiraditya Scindia on Thursday inaugurated India’s and Air India's first Airbus A350 aircraft (VT-JRA) at Wings I.