It could become the single largest order by any airline. Read more at straitstimes.com.
BENGALURU/PARIS - Air India has sealed a jumbo deal for about 500 new planes worth more than US$100 billion at list prices.
While Airbus and Air India signed the agreement on Friday, Boeing agreed its deal with the airline on Jan 27. Airbus declined to comment. Air India did not immediately respond to an email seeking comment outside of regular business hours. The order reflects Air India’s strategy to modernise its ageing fleet and re-capture a solid share of trips between India’s large overseas diaspora and cities such as Delhi and Mumbai.The deal for 400 narrowbodies will also allow Air India to win a bigger share of regional international traffic and the domestic market, setting up a battle on both fronts with IndiGo.
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