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MBC provides $120 million loan to Air India for A350-900 aircraft purchase

Published on December 20, 2023
Current Context: MBC providing a $120 million loan to Air India for the purchase of an Airbus A350-900 aircraft.
MBC provides $120 million loan to Air India for A350-900 aircraft purchase
  • 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

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