Air India is buying 220 planes from Boeing and 250 from Airbus, drawing a flurry of high-level reactions. It is also leasing another 25 jets from Airbus.
as Europe and the United States hailed deepening economic and political ties with New Delhi.
Reuters exclusively reported in December that Air India was nearing record airplane orders approaching 500 jets.The airline’s renaissance under the Tata conglomerate aims to capitalize on India’s growing base of fliers and large diaspora across the world. “This important deal shows, along with the deepening of relations between India and France, the successes and aspirations of the civil aviation sector in India,” Modi said during a video ceremony with French President Emmanuel Macron.
Chandrasekaran said Airbus and Tata were working on bigger partnerships, including an ambition “to bring in commercial aircraft manufacturing at some point in time in the future.” Even after significant expected discounts, the deal is worth tens of billions of dollars at a volatile time for plane giantsafter the pandemic, but who face mounting industrial and environmental pressures.
The deal includes a major win for engine maker CFM International, a joint venture between General Electric and France’s Safran. It has been selected to power 210 Airbus narrowbody jets ahead of rival Pratt & Whitney, while bigger jets will be powered by GE or Britain’s Rolls-Royce.“Besides this deal being of unprecedented size, it was also incredibly complex,” Wilson said in a note to employees.
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