Air India will purchase 250 Airbus and 220 Boeing planes in the largest transaction history.
Airbus CEO Guillaume Fourie welcomed the acquisition as a historic occasion to aid Air India’s drive to achieve new history.
Air India completes the world’s largest aircraft acquisition. Air India purchases 470 planes from the world’s leading aircraft manufacturers, Airbus of France and Boeing of America. According to reports, a 70-80 million dollar agreement has been reached between Tata Group-owned Air India and aircraft manufacturing businesses. Air India is purchasing 250 Airbus planes and 220 Boeing planes.
Airbus will buy A350 and A320 planes, while Boeing will buy 737 Max, 787 Dreamliners, and 777 X planes.
“This is a momentous moment that will enable Air India establish new history,” stated Airbus CEO Guillaume Fourie. The deal was announced via video conference with Prime Minister Narendra Modi, French President Emmanuel Macron, and Ratan Tata in attendance.
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US Vice President Joe Biden called Air India’s agreement with Boeing historic. According to Biden, this agreement will generate 1 million new employment in the United States. According to French President Emmanuel Macron, this deal will be a watershed moment in India-France relations. According to Prime Minister Narendra Modi, India, which ranks third in the world in air transport, requires 2,500 aircraft over the next 15 years. Union Ministers Jyotiraditya Scindia and Piyush Goyal, as well as Tata Sons Chairman N. Chandrasekaran and others, were present.