Air India has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through GIFT City. This is also the first wide-body aircraft to be leased through the GIFT City, the country’s first International Financial Services Centre (IFSC). The airline said the transaction was facilitated by its wholly-owned subsidiary AI Fleet Services Ltd (AIFS) and is also the first financing transaction from the orders for 470 aircraft that were made earlier this year. Tata Group-owned Air India, which has embarked on an ambitious transformation plan, expects the first A350-900 aircraft to arrive in India by the end of this year. The airline has successfully acquired India’s first Airbus A350-900 aircraft through a finance lease transaction with HSBC, as per a report.
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