{"id":623575,"date":"2023-12-21T10:40:44","date_gmt":"2023-12-21T05:10:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=623575"},"modified":"2023-12-21T12:12:47","modified_gmt":"2023-12-21T06:42:47","slug":"air-india-borrows-rs-997-crore-from-japans-smbc-to-buy-airbus-plane","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-india-borrows-rs-997-crore-from-japans-smbc-to-buy-airbus-plane\/","title":{"rendered":"Air India borrows Rs 997 crore from Japan&#8217;s SMBC to buy Airbus plane"},"content":{"rendered":"<p>Mumbai: Japanese lender Sumitomo Mitsui Banking Corporation (SMBC) on Wednesday said that the Tata Group-owned Air India has borrowed Rs 997 crore ($120 million) from it for purchasing a wide-body aircraft from Airbus.<\/p>\n<p>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","protected":false},"excerpt":{"rendered":"<p>Mumbai: Japanese lender Sumitomo Mitsui Banking Corporation (SMBC) on Wednesday said that the Tata Group-owned Air India has borrowed Rs 997 crore ($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.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-623575","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623575","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=623575"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623575\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=623575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=623575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=623575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}