+
Air India Secures $120 Mn Loan from SMBC Japan for Aircraft Purchase
AVIATION & AIRPORTS

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

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.

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.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?