Air India is buying 220 Boeing aircraft valued at $34 billion. It marks the U.S. plane maker’s third-largest sale of all time, in dollar value, and its second of all time in quantity. FOX13
and Airbus passenger jets as it races to tap surging demand for increasingly affordable air travel from the nation's growing ranks of middle-class consumers.
Air India is seeking to reinvent itself by expanding its operations and modernizing its fleet. The new jets will help the airline's owner, Tata Sons, compete against upstart discount rivals including India’s dominant carrier, IndiGo. Toulouse, France-based Airbus will provide Air India 40 wide-body A350 Airbus aircraft and another 210 narrow-body A320neo planes, Tata Sons Chairman Natarajan Chandrasekaran said in the call with Modi and French President Emmanuel Macron.
Chandrasekaran said the A350s will be used to "fly all ultra long distance across the globe." Single-aisle A320s are typically used on short-haul routes. He said the airline has "significant options" to increase its order.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden to announce sale of 220 Boeing jets to Air IndiaPresident Biden announced Tuesday a massive aircraft purchase agreement between Air India and Boeing, touting the deal as part of his pledge to return the U.S. to its position as a global manufacturing leader.
Read more »
Boeing shares up 2% after White House announces Air India buys over 200 aircraftAir India will buy more than 200 Boeing aircraft, President Joe Biden announced Tuesday, in what the White House is calling a historic agreement between the two companies. Under the deal, Air India will buy 190 Boeing 737 MAXs, 20 Boeing 787s, and 10 Boeing 777Xs for a total of 220 firm orders valu
Read more »
Boeing sees travel growth as Air India prepares huge jet orderIndia's airlines have bounced back well beyond pre-pandemic levels, Boeing said, as Air India, the country's national carrier, prepared to unveil an historic order for almost 500 new planes on Tuesday.
Read more »
Boeing plans new logistics centre in India amid major aircraft orderBoeing Co plans to invest about $24 million in India to set up a logistics centre for airplane parts, Salil Gupte, president of the local unit told Reuters on Monday, boosting its footprint in the country amid a large plane order.
Read more »
INDIA Bond yields, rupee to track U.S., India inflation printsIndian government bond yields are expected to trend higher this week, as sentiment stays bearish, but debt as well as the local currency will track U.S. and India inflation data.
Read more »