Aerospace
A historic deal for 500 aircraft worth billions from Air India is getting close.
Air India will order 500 aircraft, shattering a massive record!
Paris and New Delhi As it carves out an ambitious recovery under the Tata Group conglomerate, Air India is close to placing unprecedented orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing, industry sources told Reuters on Sunday..
They claimed, speaking on the condition of anonymity because the massive transaction is still being finalized, that the orders comprise up to 400 narrow-body aircraft and at least 100 wide-body aircraft, including Airbus A350, Boeing 787, and Boeing 777 models.
United and Emirates Expand Market Presence Through New Agreement(Opens in a new browser tab)
As it prefers to deploy independently rather than relying on the lessor, Air India is already searching for narrow-body aircraft. And this year, in the month of March, Airbus sent the A350 aircraft to India for demonstration purposes. According to rumors, TATA is willing to purchase this aircraft because Air India will be the first customer to order such advanced aircraft in the Indian market, and TATA received special pricing on it.
Farnborough Air Show 2016 Airbus wins $35 billion of aircraft orders.(Opens in a new browser tab)
Speaking on the condition of anonymity because the massive transaction is still being finalized, they stated that the orders comprise up to 400 narrow-body aircraft and 100 or more wide-body aircraft, including Airbus A350, Boeing 787, and Boeing 777s.
Both Boeing and Airbus declined to comment. An inquiry for comment was not immediately answered by the Tata Group.
