Standard Chartered, Bank of India Seal $215 Mn Loan for Air India’s Fleet Expansion

Standard Chartered, Bank of India seal $215 mn loan for Air India’s fleet expansion

Standard Chartered and the Bank of India have co-financed a $215 million term loan for Air India's subsidiary in GIFT City, marking the first commercial aircraft finance transaction structured through India's new financial hub.

Standard Chartered, Bank of India Lead $215M Aircraft Financing for Air India Subsidiary at GIFT City

Standard Chartered and Bank of India structure a 7-year facility for six Boeing 777s via Air India’s leasing arm AIFS, marking a milestone for GIFT City’s financial ecosystem.Standard Chartered and Bank of India today announced the financing of USD 215 million term loan to AI Fleet Services IFCS Limited (AIFS), a leasing subsidiary of Air India, based in the Gujarat International Finance Tec-City (GIFT City). AIFS has entered into a 7-year amort…