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Air India To Purchase 470 Aircraft from Airbus and Boeing

Representative Image/Reuters.

On Tuesday, Air India signed contracts with Airbus and Boeing to purchase 470 aircraft for an estimated list price of $70 billion.

According to the announcement, 470 aircraft, including wide-body aircraft, were to be purchased by the airline owned by the Tata Group in February of this year.

According to the statement released by the airline, the firm orders “include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners, and 10 Boeing 777X wide-body aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrow-body aircraft.”

The purchase contracts were executed concurrently with the ongoing Paris Air Show.

“We are excited to be a key partner in the reinvention of the Flying Maharaja. Under the leadership of the Tata Group and focused on new management, this is one of the most ambitious projects in the airline business today. We are proud that our latest generation aircraft’s efficiencies, comfort and range capability will contribute to the process as Air India reclaims its rightful position as a world-class premium carrier. The Airbus services package is a perfect future-oriented choice that will form a core element of Air India’s transformation,” said Christian Scherer, Chief Commercial Officer and Head of International at Airbus, cited by Business Today.

“The fuel-efficient mix of next-generation aeroplanes, including the 737 MAX, 787 Dreamliner, and 777X, will sustainably power Air India’s future fleet in the world’s fastest-growing commercial aviation market,” said Stan Deal, President and CEO of Boeing Commercial Airplanes.

A day after low-cost airline IndiGo confirmed making a formal deal with Airbus for 500 narrow-body aircraft, Air India revealed its move on Tuesday.

This is the largest-ever aircraft order placed by any airline with Airbus. The IndiGo order book comprises a mix of A320 NEO, A321 NEO and A321 XLR aircraft.