Air India may find it cheaper to buy jets, thanks to Tata’s credit profile
Air India is considering purchasing the widebody aircraft component of its recent record-breaking order. It is important to note that airlines usually choose the more popular option of leasing the aircraft. According to a report by The Economic Times (ET), Tata Sons can raise funds for aircraft purchases at lower interest rates thanks to its credit history.
Air India, owned by the Tata group, announced a 470-aircraft acquisition programme on February 14. The order is the single largest purchase in the history of the aviation sector. According to the report, the purchase includes 70 wide bodies made up of A350s, B-787s, and B-777-9s.
