Air India placed order for 250 airplanes Airbus

Air India placed order for 250 airplanes Airbus

Indian airline company Air India Ltd signed agreement of intent to acquire from European aviation company Airbus SE 250 airplanes, informs Bloomberg agency.

Agreement provides delivery of 210 airplanes of A320neo model and 40 wide-body A350, chairman of board of directors of Tata Group Natarajan Chandrasekaran said during online-event. In the event also participated president of France Emmanuel Macron and Indian prime-minister Narendra Modi.

In 2021 Tata Sons Pvt. bought out share of Indian government in Air India. Since than Tata invested into air carrier 150 billion rupee ($1.9 billion).

It is expected that Air India soon will place similar in size order for the Airbus competitors’ airplanes – American Boeing Co.

Final volume of the fleet increasing program of Air India is not revealed, however Bloomberg marks that it may become record in the history of civil aviation and will make tens billion USD.

According to Boeing forecast in the nearest two decades demand for new airplanes in India will make 2.21 thousand units. More than 80% of this volume are necessary to provide growth of the country’s aviation market and only 20% – to replace old airplanes.