As demand for mobility in India increases, Air India is planning to add to its fleet of airlines. The company has reportedly placed orders for 470 Boeing and Airbus aircraft.
The second-largest domestic and third-largest international airline in India, Air India, is attempting to reinvent itself by boosting operations and updating its fleet.
The new aircraft will give Tata a fighting chance against IndiGo, the country’s leading airline.
Read on to find out all the details!
Air India Places Order For 220 Boeing Plans Worth Rs. $34 Billion
220 Boeing planes are being ordered by Air India, with a $34 billion price tag. The orders consist of 10 777Xs, 20 787s, and 190 737 Max aircraft from Boeing.
Additionally, the purchase includes customer options for a further 50 737 MAXs and 20 of its 787s, for a total of 290 aircraft valued at $45.9 billion at list price.
It is the second-largest sale of all time for Boeing in terms of both quantity and dollar value.
As per President Joe Biden, “This announcement also reflects the strength of the U.S.-India economic partnership. Together with Prime Minister Modi, I look forward to deepening our partnership even further as we continue to confront shared global challenges—creating a more secure and prosperous future for all of our citizens.”
Airplane Order To Create Over 1 Million Jobs in US
He also talked about how this purchase will support 44 states and over 1 million American jobs, many of which do not call for a four-year college degree.
In a videoconference with French President Emmanuel Macron and Indian Prime Minister Narendra Modi, Tata Sons Chairman Natarajan Chandrasekaran announced that the airline is purchasing 210 additional narrow-body A320neo aircraft in addition to the 40 wide-body A350 Airbus aircraft.
The deal’s financial details, which could be worth tens of billions of dollars, were not made public by the plane manufacturer in Toulouse, France.
The A350s will be used to “fly all ultra long distance across the globe,” according to Chandrasekaran. Short-haul routes typically employ single-aisle A320 aircraft. To increase its order, the airline has “significant options,” according to him.
Last year, the national carrier’s debt-ridden ownership was reclaimed by Tata Sons, the largest and oldest conglomerate in India. When the airline was introduced by the Tata Group in 1932, it was the beginning of commercial aviation in India. In 1953, the government took control of it.
