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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..