<\/p>\n

By Aditi Shah and Tim Hepher<\/p>\n

BENGALURU\/PARIS, Feb 10 (Reuters) – Air India has sealed a jumbo deal for about 500 new planes worth more than $100 billion at list prices, in what could become the single largest order by any airline as it seeks to reinvent itself under its new owners, industry sources told Reuters.<\/p>\n

The deal, split equally between France’s Airbus and rival planemaker Boeing, evdEn eVE nAKliYaT<\/a> was first reported by Reuters in December and could finally be announced as early as next week, the sources said.<\/p>\n

Air India has agreed to purchase 250 Airbus planes, split between 210 single-aisle A320neos and 40 widebody A350s, and 220 Boeing aircraft including 190 of its 737 MAX narrowbody jets, 20 787 widebodies and 10 777Xs.<\/p>\n

While Airbus and Air India signed the agreement on Friday, Boeing agreed its deal with the airline on Jan. 27, a date that marks a year since Tata regained ownership of the former state-run carrier, sources told Reuters.<\/p>\n

Airbus declined to comment.If you cherished this short article and you would like to receive a lot more facts regarding eVDEn eVe NakLiyat<\/a> kindly pay a visit to our own web site. Air India did not immediately respond to an email seeking comment outside of regular business hours.<\/p>\n

In a note to employees on Jan. 27, the airline said it was “finalising a historic order for new aircraft”.<\/p>\n

The order reflects Air India’s strategy to modernise its ageing fleet and re-capture a solid share of trips between India’s large overseas diaspora and cities such as Delhi and Mumbai, evdeN Eve nAKLiYaT<\/a> dominated mainly by Gulf rivals such as Emirates with its young planes.<\/p>\n

The deal for 400 narrowbodies will also allow Air India to win a bigger share of regional international traffic<\/a> and the domestic market, setting up a battle on both fronts with IndiGo.<\/p>\n

While the Airbus figure is slightly lower than the 275 originally envisaged, the sources did not rule out a provision by Air India for top-up acquisitions or leases at a later point.<\/p>\n

It was not immediately clear to what extent the numbers in the agreement included options that could change the total tally when the final orders are in.<\/p>\n

The record order aims to put Air India in the league of large global airlines and make it an influential customer for planemakers and suppliers at a time when its home market is seeing a strong post-COVID-19 travel surge.<\/p>\n

Air India, with its maharajah mascot, was once known for its lavishly decorated planes and stellar service but its reputation declined in the mid-2000s as financial troubles mounted.<\/p>\n

Under its new owners, the airline is looking to restore its reputation at home and abroad as a storied carrier with impeccable service and world-class planes.(Reporting by Aditi Shah and Tim Hepher; editing by Jonathan Oatis and eVDEN eVe nakLiyaT<\/a> Sandra Maler)<\/p>\n<\/div>\n

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