February 15, 2023

Air India Buys 470 Airplanes In Biggest Aviation Deal

Rajib Ghosh

Air India has placed orders for 250 Airbus and 220 Boeing planes, in a transaction expected to be around $85 billions.

The record deal bolsters India’s position on the global platform as an emerging leader in the commercial aviation sector.

It has also put Air India in the league of aspiring global carriers – a much needed move for the Indian aviation industry.

The record aviation deal came to fruition after months of secret talks carried out near Britain’s Buckingham Palace.

TATA group’s total fleet size stands at 219, including AirAsia India with 28 planes, Vistara with 54, and Air India with 119.

Air India was taken over by Tata for about $2.4 billion in January 2022, ending a decades long battle with government.

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Rajib Ghosh