Air India has placed a record order for nearly 500 Airbus and Boeing aircraft | – #Air #India #record #order #Airbus #Boeing #aircraft
BENGALURU/PARIS, February 14 (Reuters) – Air India, Europe and USAof economic and political under new owners the Tata Group as they welcome the deepening of ties national announcing deals for a record 470 aircraft from Airbus and Boeing, hastening the crest’s rebirth. With New Delhi.
The tentative deals include 220 planes from Boeing ( BA.N ) and 250 from Airbus ( AIR.PA ), and Air India is set to beat previous records for an airline as it soon competes with domestic giant IndiGo to serve the world’s largest population.
USA President Joe Biden called the agreement “historic”.
Tata Chairman N Chandrasekaran said that Airbus has ordered 210 narrow-body A320neos plane and includes 40 A350 wide-body aircraft, which Air India will “use to fly ultra long-haul routes”.
Boeing 190 737 MAX, 20 787 Dreamliner and 10 will supply the mini-jumbo 777X.
Another 25 Airbuses to be leased to meet urgent needs plane together with the total purchase reaches 495 aircraft, an Airbus executive said.
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Reuters exclusively reported in December that Air India was closing in on an order for 500 jets.
The airline’s renaissance under conglomerate Tata aims to capitalize on India’s growing flying base and vast diaspora worldwide.
New CEO Campbell Wilson, world class weather way to revive its reputation as a company and delayed by an aging fleet and poor service, outdated working to shake up its image as an operation.
Indian Prime Minister Narendra Modi and President of France Emmanuel Macron of India’s former flag bearer of the agreement political and emphasized its economic importance.
“This important agreement between India and France along with the deepening of ties between India and India, demonstrates the achievements and aspirations of the civil aviation sector in India,” Modi said.
“This achievement shows that Airbus and all its French partners are fully committed to developing new areas of engagement with India,” Macron said. video said during the presentation.
The aviation deal is expected to include industrial types, with Macron promising that France will work with India in other sectors.
Chandrasekaran said Airbus and Tata are working on larger partnerships, including ambitions to “bring commercial aircraft into production at some point in the future”.
Industry sources said India has repeatedly lobbied Airbus to add a final assembly line in the country, similar to a plant in northern China, but the planemaker rejected the idea on financial and industrial grounds.
INDIA’S INFLUENCE IS GROWING
Air India’s order surpassed American Airlines’ ( AAL.O ) combined contract for 460 Airbus and Boeing planes more than a decade ago.
Even after expected significant discounts, the deal is worth tens of billions at a volatile time for the aircraft giants, which have seen renewed demand for their planes after the pandemic but face mounting industry and environmental pressures. dollars will be worth
“This is important for the industry because, given the recent turbulence in the Chinese market, an alternative growth market is India,” said Bertrand Grabowski, an independent aviation consultant.
Grabowski, a former banker with extensive experience in financing international aviation deals, said: “India is also Russia strong that it wants to stick with the West while appearing uncertain about its sanctions political sends a signal.
To the contract General That includes major commercial success for engine maker CFM International, a joint venture between Electric ( GE.N ) and France’s Safran ( SAF.PA ). It beat rival Pratt & Whitney ( RTX.N ) to supply 210 narrow-body Airbus jets, while the larger planes will be operated by GE or Britain’s Rolls-Royce ( RR.L ).
British Prime Minister Rishi Sunak said the deal between Air India, Airbus and Rolls-Royce will create new jobs.
With the Maharajah mascot, Air India was once known for its lavishly decorated aircraft and excellent service, but 20As financial problems mounted in the mid-00s, his reputation declined.
Air India’s biggest global record order weather aims to bring the routes into its league and make it an influential customer for aircraft manufacturers and suppliers at a time when its domestic market has seen strong post-COVID-19 travel growth.
This reflects a strategy to bring back the bulk of travel between the Indian diaspora and cities such as New Delhi and Mumbai, which are currently dominated by foreign rivals such as Emirates.
It will also put Air India in a stronger position to compete with local rival IndiGo ( INGL.NS ), which has a large share of the Indian market and a strong position in regional flights.
Reporting by Shilpa Jamkhandikar, David Shepardson, reporting by Aditi Shah in Bengaluru and Tim Heffer in Paris report Edited by Jamie Freed and Mark Potter
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2023-02-14 20:16:26
Source – reuters
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