Air India nears placing historic order for up to 500 jets: Sources

Air India nears placing historic order for up to 500 jets: Sources

Air India is close to placing historic orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious revival under the Tata Group conglomerate, industry sources said on Sunday.The orders include as many as 400 narrow-body jets and 100 or more wide-bodies including Airbus A350s and Boeing 787s and777s, they said, speaking on condition of anonymity as finishing touches are placed on the mammoth deal in coming days.

For the latest headlines, follow our Google News channel online or via the app.

Such a deal could top $100 billion at list prices, including any options, and rank among the biggest by a single airline in volume terms, overshadowing a combined order for 460 Airbus and Boeing jets from American Airlines over a decade ago. Even after significant expected discounts, the deal would be worth tens of billions of dollars and cap a volatile year for an industry whose jets are back in demand after the pandemic but which is facing mounting industrial and environmental pressures.