On February 14, Air India announced a historic order for buying 470 aircraft, including 250 from Airbus and 220 from Boeing. Besides, there is an option to buy another 370 planes from the two plane makers.
In an interview with CNBC-TV18, Rajiv Agarwal, CEO & MD of Essar Ports said IIFCL was incorporated to offer low cost debt to the infrastructure sector and as a result of this, they will benefit from an interest rate reduction of 2.6 percent or Rs 405 crore.