Standard Chartered, Bank of India seal $215 mn loan for Air India’s fleet expansion
New Delhi: Standard Chartered and the Bank of India will jointly finance a $215 million term loan to an Air India subsidiary for the financing of six Boeing 777-300ER aircraft.
The Air India subsidiary, AI Fleet Services IFSC Ltd (AIFS), is based in Gujarat International Finance Tec-City (GIFT City), in Ahmedabad.
