Tata Group-owned Air India has borrowed USD 120 million from Japanese lender SMBC for purchasing a wide-body aircraft from Airbus. The transaction has partly financed Air India's purchase of an A350-900 aircraft from Airbus, which was delivered in October 2023.
This is a secured debt facility through SMBC's Singapore branch with Air India's GIFT City-headquartered arm AI Fleet Services as the borrower.
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