{"id":623235,"date":"2023-12-20T11:51:06","date_gmt":"2023-12-20T06:21:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=623235"},"modified":"2023-12-20T11:51:06","modified_gmt":"2023-12-20T06:21:06","slug":"air-india-borrows-120-million-from-japans-smbc-to-buy-airbus-plane","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-india-borrows-120-million-from-japans-smbc-to-buy-airbus-plane\/","title":{"rendered":"Air India borrows $120 million from Japan&#8217;s SMBC to buy Airbus plane"},"content":{"rendered":"<p>MUMBAI: 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 India&#8217;s purchase of an A350-900 aircraft from Airbus, which was delivered in October 2023, according to an official statement.<\/p>\n<p>SMBC said this is a secured debt facility through its Singapore branch, while Air India&#8217;s GIFT City-headquartered arm AI Fleet Services is the borrower.<\/p>\n<p>The purchase is part of the mega announcement by the Tatas to buy a total of 470 aircraft from Boeing and Airbus, and AI has also contributed equity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: 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 India&#8217;s 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 India&#8217;s GIFT City-headquartered arm AI Fleet Services is the borrower. The purchase is part of the mega announcement by the Tatas to buy a total of 470 aircraft from Boeing and Airbus, and AI has [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-623235","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=623235"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623235\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=623235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=623235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=623235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}