Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group conglomerate, industry sources said on Sunday.
Air India Boeing 787-8 Dreamliner. — WIKIMEDIA COMMONS
Even after significant expected discounts, the deal would be worth tens of billions of dollars and cap a volatile year for plane giants whose jets are again in demand after the pandemic, but who face mounting industrial and environmental pressures. The potential blockbuster order comes days after Tata announced the merger of Air India with Vistara, a joint-venture with Singapore Airlines, to create a bigger full-service carrier and strengthen its presence in domestic and international skies.
The order reflects a strategy to recapture a solid share of trips between India’s large overseas diaspora and cities such as Delhi and Mumbai, dominated by foreign rivals such as Emirates.
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