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

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.