Business Standard

Air India may find it cheaper to buy jets, thanks to Tata's credit profile

On the strength of its excellent financial track record, Tata Group was able to secure Power-By-Hour (PBH) agreements with engine manufacturers GE and Rolls Royce

Photo: Bloomberg
Premium

Photo: Bloomberg

BS Web Team Delhi
Air India is considering purchasing the widebody aircraft component of its recent record-breaking order. It is important to note that airlines usually choose the more popular option of leasing the aircraft. According to a report by The Economic Times (ET), Tata Sons can raise funds for aircraft purchases at lower interest rates thanks to its credit history.
 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 16 2023 | 11:35 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com