Air India placed record order for 470 airplanes Boeing and Airbus. Part 1

Airline company Air India placed order with Boeing and Airbus for 470 new airplanes of various modifications – this is record transaction for aviation industry. In such a way company plans to become one of the biggest air carriers in the world.

The head of the Indian group of companies Tata Natarajan Chandrasekaran (Tata owns Air India) declared that transactions will allow company to upgrade fleet and significantly widen route network. First airplane will be delivered at the end of the current year.

Contract with American company Boeing for 34 billion USD includes delivery of 190 airplanes of 737 Max family, 20 “Dreamliners” Boeing 787 and 10 airplanes of 777X series (their serial production hasn’t started as of yet). Totally 220 units and also option for delivery of 70 airplanes more in the future.

Airbus company that is owned by France, Germany, Spain and Great Britain will produce for Air India 250 aircrafts – 40 wide-body A350 and 210 narrow-body A320neo. Airbus doesn’t disclose transaction amount but it is also estimated in tens billions of USD.

“Today is a historic moment for India, for Air India and for Airbus, – Airbus CEO Guillaume Faury said. – Order volume demonstrated appetite to the growth in Indian aviation industry that is the fastest growing in the world”.

“Contract that was signed between Airbus and Tata Sons signifies new stage of strategy partnership between India and France. Thank you to dear Narendra Modi for the trust to France and our industry”, – French president Emmanuel Macron wrote in this Twitter account.