Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance 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 dozens of Airbus A350s and Boeing 787s and 777s, they said, speaking on condition of anonymity as finishing touches are placed on the mammoth deal in coming days.
It would also allow Airbus to secure a home for some A350 production slots initially earmarked for Russia's Aeroflot and now left open because of war-related sanctions against Moscow.and Boeing declined to comment. Tata Group-owned Air India did not respond to a request for comment.its first C919 jetliner but is at least a decade away from competing on such a scale, experts say.
Founded by JRD Tata in 1932, Air India was nationalised in 1953. Tata regained control in January and has since been working to revive its reputation as a world-class airline. Delivered over the next decade, the 500 jets would replace and expand fleets in the world's fastest-growing air travel market, while contributing to Prime Minister Narendra Modi's goal of expanding the economy to $5 trillion.
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