Lagatar24 Desk
New Delhi, Feb 11: Air India has sealed a deal for about 500 new aircraft worth over $100 billion at list prices. It has become the single largest order by an airline looking to reinvent itself under its new owners.
Air India seals record order for about 500 jets from Airbus, Boeing -sources https://t.co/j3YWtahojA pic.twitter.com/P60MCFCxJY
— Reuters (@Reuters) February 11, 2023
As per information, the deal is split equally between France’s Airbus and rival plane maker Boeing and could eventually be announced as early as next week.
Air India has agreed to purchase 250 Airbus planes, split between 210 single-aisle A320neos and 40 widebody A350s, and 220 Boeing aircraft including 190 of its 737 MAX narrowbody jets, 20 787 widebodies and 10 777Xs.
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Earlier on Friday, while Airbus and Air India signed the agreement, Boeing agreed to its deal with the airline on January 27, a date that marks a year since Tata regained ownership of the former state-run carrier.
The deal for 400 narrow bodies will enable Air India to win a larger share of regional international traffic and domestic markets, setting up a battle on both fronts with IndiGo.
The record order aims to put Air India in the league of large global airlines and make it an influential customer for plane makers and suppliers at a time when the home market is seeing a strong post-Covid-19 travel surge.
