Air India on Tuesday signed agreements with Airbus and Boeing for buying 470 planes for an estimated USD 70 billion at listing costs.
The Tata Group-owned airline introduced that it’s going to buy 470 plane, together with wide-body planes, in February this yr.
The “firm orders include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrow-body aircraft,” the airline mentioned in a launch.
The buy agreements have been signed on the sidelines of the continuing Paris Air Show.
Air India mentioned the agreements go “one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year”.
The Airbus A350 will lead the deliveries of the brand new plane later this yr, with the majority of the order to arrive from mid-2025 onwards, it mentioned.
N Chandrasekaran, Chairman of Tata Sons and Air India, mentioned the landmark step additional positions Air India for long-term progress and success that, “we have every hope, will come together to represent the best of modern aviation to the world”.
Air India has already began taking supply of 11 leased B777 and 25 A320 plane to speed up its fleet and community enlargement.
Campbell Wilson, Air India CEO, and MD mentioned its bold fleet renewal and enlargement programme will see the airline function essentially the most superior and fuel-efficient plane throughout its route community inside 5 years.
Satair, an Airbus firm, and Boeing Global Services will assist Air India with a broad vary of options, together with components and upkeep provisioning, digital functions, and modification companies.
