Air India Secures $120 Mn Loan from SMBC Japan for Aircraft Purchase

22 Dec 2023 CW Team

In a significant financial development, Air India concludes a $120 million loan agreement with SMBC Japan, specifically designated for the procurement of Airbus aircraft. This strategic financial arrangement underscores Air India's dedication to advancing its fleet, embracing modernisation, and fortifying its standing within the competitive landscape of the aviation sector.

The loan from SMBC Japan not only provides Air India with the necessary financial support for aircraft acquisition but also reflects the confidence of international financiers in the airline's growth prospects. The funds are expected to play a crucial role in facilitating the expansion and upgrading of Air India's fleet, contributing to operational efficiency and service enhancements.

As Air India strategically navigates the challenges and opportunities in the aviation industry, this loan agreement represents a proactive move towards reinforcing its capabilities and competitiveness. The acquisition of Airbus planes is poised to position Air India for improved performance and enhanced service offerings, aligning with broader trends in modernising fleets for optimal efficiency and passenger satisfaction.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..