Air India’s 470 aircraft deal: Airbus India chief Remy Maillard said on Tuesday that Airbus will hand over the first A350 aircraft to Air India by the end of 2023. Remy Maillard further said that the order of 40 A350 aircraft by Air India also marks the ‘strong return’ of Airbus to the large-size market in India. Air India on Tuesday announced the acquisition of 250 and 220 aircraft from Airbus and Boeing respectively. Sources said the deal to acquire 470 aircraft from the two companies is estimated to be worth $80 billion.
- Air India signs letter of intent to acquire modern fleet/aircraft. The order includes 40 Airbus A350s, 20 Boeing 787s and 10 Boeing 777-9s widebody aircraft, as well as 210 Airbus A320/321 Neos and 190 Boeing 737 MAX single-aisle aircraft.
- The A350 aircraft will be powered by Rolls-Royce engines, and the B777/787s will be powered by GE Aerospace’s engines. The airline said all single-aisle aircraft will be powered by engines from CFM International.
- Speaking after the airline’s landmark deals with Airbus and Boeing, Air India chief Campbell Wilson said, “Meanwhile, our capacity growth will be supported by the previously announced lease-in and reinstatement of additional narrow-body and wide-body aircraft.” Will be done. -To service the remainder of our grounded fleet.”
- “These give us the option, but not the obligation, to take on additional aircraft in previously negotiated production slots and/or prices so that we can accommodate further growth and manage risk.”
- “Apart from the deal being of unprecedented size, it was also incredibly complex,” the Air India chief said, involving two airframers and six engine suppliers.
- “When finalised, this will be the largest Boeing order in South Asia and a historic milestone in the aerospace company’s nearly 90-year partnership with the carrier,” he added.
- Prime Minister Narendra Modi slammed US President Joe Biden after Air India’s historic deal of 220 aircraft with Boeing.
- It was a pleasure speaking with @POTUS @JoeBiden. Excellent discussion to review ongoing and new initiatives to further deepen India-US comprehensive and global partnership. We welcome the landmark @airindiain – @Boeing agreement that will help create new opportunities in both countries, tweeted the Prime Minister.
- US President Joe Biden also hailed the “historic deal” for Air India to buy 220 Boeing BA.N airplanes with a list price of $34 billion.
- The announcement also reflects the strength of the US-India economic partnership. The White House said that together with PM Modi, I look forward to deepening our partnership as we continue to address shared global challenges – building a more secure and prosperous future for all.
read also , Air India to acquire 250 aircraft from Airbus to boost aviation sector
read also , After Airbus, Air India will buy 220 aircraft from Boeing; Joe Biden praised the ‘historic agreement’