evdEN EvE nAKliyAT<\/a> re-capture a solid share of trips between India’s large overseas diaspora and cities such as Delhi and Mumbai, dominated mainly by Gulf rivals such as Emirates with its young planes.<\/p>\nThe deal for 400 narrowbodies will also allow Air India to win a bigger share of regional international traffic 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 Sandra Maler)<\/p>\n<\/div>\n
<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
By Aditi Shah and Tim Hepher 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 […]<\/p>\n","protected":false},"author":19221,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[5078],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/73577"}],"collection":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/users\/19221"}],"replies":[{"embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/comments?post=73577"}],"version-history":[{"count":1,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/73577\/revisions"}],"predecessor-version":[{"id":73578,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/73577\/revisions\/73578"}],"wp:attachment":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/media?parent=73577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/categories?post=73577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/tags?post=73577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}