Tata group’s Air India has signed multi-billion dollar deals with France’s Airbus and American plane-maker Boeing to buy 470 passenger aircraft in the largest shopping event in commercial aviation history.
US President Joe Biden has hailed a “historic agreement” for Air India to purchase 220 Boeing BA.N airplanes with a list price of USD 34 billion, Reuters reported
It is also the part of the agreement that Air India may buy 70 more aircraft apart from 220 originally mentioned in the agreement that will take the value of the deal to USD 45.9 billion.
According to the deal, Air India will purchase 190 B737 MAX, 20 B787, and 10 B777X aircrafts.
“I am proud to announce today the purchase of over 200 American-made aircraft through a historic agreement between Air India and Boeing,” Biden said.
“Together with Prime Minister Modi, I look forward to deepening our partnership even further as we continue to confront shared global challenges — creating a more secure and prosperous future for all of our citizens,” Biden said.