Winning Bizness Desk

Mumbai. After IndiGo, Tata Group-owned Air India has signed an agreement with Airbus-Boeing to buy 470 new aircraft. Air India has signed an agreement to purchase the aircraft during the ongoing Air Show in Paris, the capital of France. Speaking on the occasion, N Chandrasekaran, Chairman, Tata Sons said, "This historic step will further enhance Air India's growth and long-term success. We are confident that through this partnership, we will be able to showcase modern aviation to the world." In February this year, Air India announced the purchase of 470 aircraft, furthering its expansion plans. Now taking the deal further, the airline has signed a purchase agreement with Boeing and Airbus during the Paris Air Show to purchase aircraft under this $70 billion deal.

To buy 250 aircraft from Airbus and 220 from Boeing

Air India will buy 250 aircraft from Airbus and 220 from Boeing. Air India has contracted for 140 A320neo and 70 A321neo aircraft. It also includes 34 A350-100 and six A350-900 wide-body jets. Air India had signed a letter of intent with the airbase in February. In addition to the 190 737 MAX, Boeing will buy 20 787 Dreamliners and ten 777X jets. Also, the airline has an option to buy an additional 70 aircraft, including 50 737 MAX and 20 787 Dreamliners. This is the largest order for Boeing in the South Asia region. Air India MD-CEO Campbell Wilson, who signed the agreement, said that through an ambitious plan to expand with fleet renewal, Air India will be the most modern and least fuel efficient of all its network routes in the next five years.