Robert Besser
01 Feb 2023, 12:39 GMT+10
NEW DELHI, India: Marking a year since the Tata Group took control of Air India, the former state-run carrier has purchased half of an order for some 495 jets with Boeing and engine suppliers General Electric and CFM International.
After months of closely guarded, tough negotiations, Air India is set to place an order for 190 Boeing 737 MAX narrowbody planes, as well as some 20 Boeing 787s and 10 Boeing 777X.
The second half of the order, which industry sources said includes about 235 Airbus single-aisle jets and 40 Airbus A350 widebody aircraft, is expected to be wrapped up over the coming days.
Senior Boeing officials, including Stanley Deal, chief executive officer of Boeing Commercial Airplanes, along with GE and CFM executives, are expected in India to mark the closing of the purchase this week.
Air India did not respond to a request for comment, but in a note to employees, marking its first anniversary under Tata's ownership, the airline said it is "finalizing a historic order of new aircraft to power future growth."
Reuters reported last month that Air India was closing in on a deal for about 500 jets.
The order, once finalized, aims to put Air India in the league of large global airlines and make it an influential customer for plane manufacturers and suppliers at a time when its home market is seeing a strong post-COVID-19 travel surge.
Air India has set a goal to corner 30 percent of the domestic market over the next five years, thus narrowing the gap with market leader IndiGo. It also wants to increase by "multiples" its share of international travel, the airline's chief executive, Campbell Wilson, has said.
Get a daily dose of Shanghai Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.
More InformationCHEYENNE, Wyoming: A Wyoming bill outlawing the use or prescription of medication abortion pills, which was passed by the state's ...
DENVER, Colorado: The Southern Nevada Water Authority has voted to accept a $2.4 million grant from the US Bureau of ...
WASHINGTON D.C.: The US government has reported that the exceptionally wet winter in California this year will offer relief from ...
FRANKFURT, GERMANY: Authorities said that as part of a crackdown on gangs suspected of blowing up ATM machines and stealing ...
BERLIN, Germany: Germany will send a cabinet minister to visit Taiwan next week, at a time when Berlin is reviewing ...
ZURICH, Switzerland - Depositors will be fully protected, shareholders will have their equity dwarfed, while bond holders will be largely ...
BEIJING, China: Following the inability of China Huarong Asset Management Co Ltd to release financial reporting obligations in 2020, China ...
HANOI, Vietnam: SpaceX, Netflix and Boeing will join what is described as the "biggest-ever" U.S. business mission to meet in ...
TAIPEI, Taiwan: Reuters reported that after winning an order to manufacture wireless AirPods earphones for Apple for the first time, ...
TAIPEI, Taiwan: The founder of chip manufacturer TSMC, Morris Chang, said that he supports the efforts of the US to ...
SEOUL, South Korea: In line with the country's efforts to boost its chip industry, South Korea's Samsung Electronics said it ...
Vijayapura (Karnataka) [India], March 22 (ANI): Karnataka government has set a target of providing drinking water to 4.64 lakh households ...