What is the hidden agenda behind the Rs 1728 Crore of Air India loan agreement? You will be shocked to know the secret

India’s leading airline company Air India is once again in the headings, but this time the reason is the plan to take a $ 20 million bank loan (about Rs 1728 crore). The company wants to take a big loan to buy a fleet-777 aircraft. There is a lot of excitement in the aviation industry about this agreement and questions arise whether it is just a common loan, or is there a major strategic plan that is hidden behind it? According to sources, AI Fleet Services IFSC Limited (which is Air India’s registered subsidiary in Gift City) is the most important lender business of this loan. This unit handles the purchase and leasing of aircraft. Air India, now under the Tata Group, is currently working through two brands Air India (full-fledged) and Air India Express (Low-Altar). Negotiations on this financing began earlier this year, but after the Boeing 787 Dreamliner crashed in Ahmedabad, the discussion delayed some time. Now the discussion regarding this agreement has increased again, although the final decision is likely to change. The Boeing 777 aircraft is that the purchase of 777 aircraft purchased is already in the Air India fleet and works. These aircraft are 11 to 13 years old and are mainly used on the Indo-US route. Air India is believed to be planning to buy these aircraft fully due to delays in the delivery of new aircraft and supply chain problems, so that international flights are not interrupted. Since the acquisition of 570 new aircraft order, Air India has ordered 570 new aircraft from Airbus and Boeing, but their delivery may take time. Therefore, this step of the business is considered important to temporarily meet and strengthen the future. According to financial experts, this loan can be linked to international standards such as the SOFR (insured overnight financing rate), which will determine its interest rates. Share this story -tags