How secret talks in luxury London hotel led to record order for nearly 500 planes
“This is a significant win for the UK’s world-leading aerospace sector and one which will help to secure thousands of highly-skilled jobs across the country and drive economic growth,” she said. “It’s a shot in the arm for UK exports as we aim to sell £1trn of goods and services a year to the world by the end of the decade.”
It has vowed to modernise the flag carrier, whose reputation for punctuality, service and value for money suffered as its finances deteriorated. Guillaume Faury, Airbus chief executive, said the Indian aviation industry is ‘the fastest growing in the world’ “The order’s massive, but a lot of it is long overdue replacement. Air India is way behind in modernising their fleet,” said Brendan Sobie, a Singapore-based independent aviation analyst.
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.
Air India orders 250 aircraft from Airbus in ‘historic’ deal\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
Hundreds of new Airbus jobs for UK through Air India plane contractThe PM says the 'landmark' deal, which also involves Rolls-Royce, will result in a £100m investment at Airbus and contributes to growing economic ties with India.
Read more »
Airbus and Rolls-Royce benefit as Air India makes record order for new planesThe PM says the 'landmark' deal will contribute to efforts on growing economic ties with India.
Read more »
Man dead in south London flat fireA man was rescued but later died at the scene, a woman was also rescued and hospitalised.
Read more »
Meet the artist living in a skip to make 'statement' about London's rent pricesHarrison Marshall, 28, plans to live in the skip in Bermondsey, southeast London, for a year as a project aiming to make a 'statement' about the 'crazy' cost of living in England's capital city.
Read more »