Modi, Macron, Biden announce: 470 Airbus, Boeing planes for Air India

Source: The post is based on the article “Modi, Macron, Biden announce: 470 Airbus, Boeing planes for Air India” published in Indian Express on 14th February 2023.

What is the News?

Indian Prime Minister, US President and French President took the lead in announcing Air India’s order for 470 new aircraft – 250 from Airbus and 220 from Boeing.

What is the deal announced by India, US and France?

Tata Group-owned Air India from India has signed a deal with Boeing of the US and Airbus of France to procure 470 jets — splitting the order with 250 jets from Airbus and 220 from Boeing. This makes it the largest-ever pipeline of new aircraft ordered by an Indian airline.

Significance of this deal: This is the first time in more than 17 years that Air India has placed an aircraft order. It is also the first order placed by the carrier under the ownership of the Tata Group.

– The airline’s last order was for 111 planes – 68 from Boeing and 43 from Airbus – and that deal was worth $10.8 billion. The order was placed in 2005.

– This deal is also important for the deep ties between India, France and US. It also reflects the achievements and aspirations of the civil aviation sector.