Wednesday, June 21, 2023

To buy 470 aircraft, Air India inks agreements with Boeing and Airbus

 Delhi, India: Tuesday, Air India increased its list price for 470 Airbus and Boeing aircraft to $70 billion.

— airindia (@airindia) AI had signed a letter of intent (LoI) in February for 400 single aisle and 70 twin aisle airframe majors that will begin joining its fleet in a few months.

Additionally, AI receives purchase rights and options for an additional 370 aircraft, making this a potentially 840-plane transaction.

The Tata Group airline signed purchase agreements for the 470 aircraft on Tuesday at the Paris Air Show, including 190 Boeing 737MAX, 140 Airbus A320neo, 70 Airbus A321neo (400 narrow bodies), 34 A350-1000, 20 Boeing 787 Dreamliners, 10 Boeing 777X, and six A350-900 (70 wide bodies).

N Chandrasekaran, chairman of Tata Sons and AI, stated: This significant step further positions Air India for long-term growth and success, which, we have every hope, will serve as an example of modern aviation's best qualities to the world.

Campbell Wilson, AI's CEO and MD, stated: Within five years, Air India will have the most cutting-edge and fuel-efficient aircraft on our route network thanks to our ambitious fleet renewal and expansion program. We are pleased to collaborate with all of our partners on this endeavor to rebuild a global airline that reflects India's increased self-assurance worldwide.

AI will be supported by a wide range of solutions provided by Boeing Global Services and Satair, an Airbus company. These solutions include digital applications, modification services, provisioning of parts and maintenance, and more. The Airbus A350 will take the lead in the new aircraft deliveries later this year, with the majority of the order arriving by mid-2025. In order to accelerate the expansion of its fleet and network, Air India has already begun taking delivery of 11 leased B777s and 25 A320s.

Christian Scherer, chief commercial officer of Airbus, stated: We are thrilled to be a crucial partner in the Flying Maharaja's rebirth. This is one of the most ambitious projects currently in the airline industry, led by the Tata Group and a focused new management. As Air India reclaims its rightful position as a world-class premium carrier, we are pleased that the efficiencies, comfort, and range capability of our most recent generation of aircraft will contribute to the process. The Airbus services package is the ideal choice for the future and will be a key part of Air India's transformation.

Stan Deal, the president and CEO of Boeing Commercial Airplanes, stated: In the world's fastest-growing commercial aviation market, Air India's future fleet will be sustainably powered by the fuel-efficient mix of airplanes from the next generation, such as the 777X, 787 Dreamliner, and 737 MAX.

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