Tata-Owned Air India Signs 'Largest Deal In Aviation History' With Boeing, Airbus To Buy 500 Aircrafts

Tata-Owned Air India Signs 'Largest Deal In Aviation History' With Boeing, Airbus To Buy 500 Aircrafts

Daily Current Affairs   /   Tata-Owned Air India Signs 'Largest Deal In Aviation History' With Boeing, Airbus To Buy 500 Aircrafts

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Category : Business and economics Published on: February 14 2023

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  • Air India has signed a deal to buy about 500 new planes worth more than $100 billion at list prices, in what is said to be the single largest order by any airline in aviation history.
  • Air India is set to buy 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.
  • Air India has also signed deals with engine makers CFM International, Rolls Royce, and a joint venture between GE Aviation and Safran for the supply of engines.
  • The Tata Group, which currently operates Vistara and AirAsia India, apart from Air India and Air India Express, is also consolidating its operations under one brand.
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