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

Sumitomo Mitsui Banking Corporation (SMBC), Japan's second-largest bank, closed a $120 million aircraft financing loan for Air India to acquire an Airbus A350-900. The transaction, facilitated by SMBC Singapore branch and Air India's subsidiary in Gujarat International Finance Tec-City, marks SMBC's first aircraft finance lease in the Indian market.


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