Air India places orders for 470 planes with Airbus, Boeing; deals estimated to be worth USD 80 bn

Updated: Feb 14 2023 10:57PM

Air India places orders for 470 planes with Airbus, Boeing; deals estimated to be worth USD 80 bn

New Delhi/Washington/ London, Feb 14 (PTI) In one of the largest aircraft orders by an airline, Tata Group-owned Air India on Tuesday announced it will buy 470 narrow-body and wide-body planes from Airbus and Boeing, with the total deal value estimated to be worth USD 80 billion (over Rs 6.40 lakh crore).

Air India will buy 250 aircraft, including 40 wide-body A350 planes, from European aviation major Airbus, and 220 planes from US aircraft maker Boeing under separate deals.

Prime Minister Narendra Modi described Air India-Airbus transaction as a "landmark deal" that also reflects the deepening ties between India and France. The prime minister along with US President Joe Biden also welcomed the landmark agreement between Air India and Boeing as a shining example of mutually beneficial cooperation.