Maharaja ordered 470 ships, and the money will commence flowing like water this year.

 

Maharaja ordered 470 ships, and the money will commence flowing like water this year.

On the fringes of the Paris Air Show, Air India announced agreements for purchase with Boeing and Airbus for 470 aircraft. The corporation had mentioned spending $70 billion for fleet growth in February of this year.

In Delhi. Air India and Airbus struck a contract on Tuesday to buy 470 aircraft for approximately $70 billion, or Rs 5.47 lakh crore. The airline operated by the Tata Group said in February of this year that it will purchase 470 aircraft from the two manufacturers, including widebody models.

Money will flow like water after the Maharaja's order for 470 ships, and delivery will begin this year.

In conjunction with the Paris Air Show, Air India and Boeing announced purchase agreements for 470 aircraft. The business discussed spending $70 billion to expand its fleet in February of this year.

Nehru Delhi. Tuesday saw the signing of a contract between Air India and Airbus and Boeing for the acquisition of 470 aircraft for around $70 billion, or Rs 5.47 lakh crore. The airline operated by the Tata Group said in February of this year that it will purchase 470 aircraft, including widebody airliners, from the two aircraft manufacturers.

According to the airline, the purchase consists of 190 Boeing 737Max small-size aircraft, 140 Airbus A320neo, 70 Airbus A321neo, 20 the Boeing 787 Dreamliner, and six A350-900 widebody aircraft. On the fringes of the Paris Air Show, the purchase agreement was signed. According to Air India, this agreement is the next phase of its $70 billion (based on list price) fleet expansion programme that was first announced in February.

What time will the supply begin?

Later this year, Air India will start receiving new Airbus A350 aircraft for delivery. The majority of the aircraft, according to the business, will begin production in the middle of 2025. N Chandrasekaran, Chairman of Tata Sons and Air India, stated that "this historic decision significantly positions Air India for long-term growth and prosperity. We are eager to unite and represent contemporary aviation to the globe.

The biggest deal was made by Indigo

inexpensive airline Indigo stated on Monday that it had given Airbus a binding order for the supply of 500 aircraft. This is among the biggest aircraft order placed with Airbus by any airline, according to Indigo. However, IndiGo has not made public the specifics of the deal's financial components. The 'Paris Air Show 2023' witnessed the signing of this aircraft purchase agreement. Jyotiraditya Scindia, a Union Minister, described it as a significant accomplishment for Indian aviation.