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The Hindu
The Hindu
National
PTI

Air India borrows $120 million from Japan's SMBC to buy Airbus plane

AI Airbus Air India SMBC India Nipun Aggarwal Tata Group

Japanese lender Sumitomo Mitsui Banking Corporation (SMBC) on December 20 said the Tata Group-owned Air India has borrowed $120 million from it 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,” according to an official statement.

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