Tata Group Air India nears historic order for up to 500 jets

Tata Group’s Air India is close to placing historic orders for as many as 500 jetliners worth 100 billions of dollars from both Airbus and Boeing as it carves out an ambitious revival under the Tata Group conglomerate.

The orders include as many as 400 narrow body jets and 100 or more wide bodies including  theAirbus A350s and Boeing 787s and 777s.

Tata Group owned Air India Ltd  is close to signing a deal with Boeing Co  to buy up to 150 737 Max planes, marking the first major aircraft order after carrier’s privatization.

The reports are coming that  the preparations have already started and are almost complete. It is said that this is the biggest decision taken by the Tata Group for the revival of Air India. News organizations are reporting that the value of this deal will create  history. It seems that it will be more than 100 billion dollars, that is, more than Rs. 8.2 lakh crores in Indian currency.

Air India also wants to win  the  bigger share of regional international traffic and the domestic market, setting up a battle on both fronts with IndiGo.

Delivered over at least a decade, five hundred jets would both replace and expand fleets in the world’s fastest growing airline market, while contributing to PM Narendra Modi’s goal of expanding the economy to $5 trillion.

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