![MBC provides $120 million loan to Air India for A350-900 aircraft purchase MBC provides $120 million loan to Air India for A350-900 aircraft purchase](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEUo3JW7IpGpcHR95dU3MqoGRNxT7nHJ7d-_ikvAAUHm6k3bKzaAlh1u-wAR-YbcCmp22L8oPytWAqSFR218AZ27J9pkDYSMHpYqHc5ch1DLcvM21exlp_hVPfAoahVNY8mkcNjI40zSwz7CTmIsKH-P5MiEQ_NRigTDbPIqz-Y2H-QakjA1xFb8gbE7JD/w320-h192-rw/Copy%20of%20Copy%20of%20Copy%20of%20Untitled%20(500%20%C3%97%20300%20px)%20(500%20%C3%97%20280%20px)%20(10).png)
- This is a significant development for both parties, and it has several interesting implications:
- Fleet modernization: The A350-900 is a fuel-efficient and modern aircraft, which will help Air India improve its operational efficiency and competitiveness.
- Expansion plans: This loan is part of Air India's larger plans to expand its fleet and network, as outlined in its recent order of 470 aircraft from Airbus and Boeing.
- Financial flexibility: Securing this loan allows Air India to spread out the cost of the aircraft purchase, potentially improving its cash flow and financial position.
Question:
Q.1 What type of aircraft did Air India use the loan to purchase?a. Boeing 737
b. Airbus A320neo
c. Airbus A350-900
d. ATR 42-600