Air India provisionally agrees to acquire almost 500 jets from Airbus, Boeing
Air India’s record aircraft deal has put the Tata Group-owned airline in the league of aspiring global carriers.
Its low-key announcement illustrates a rising breed of private airline owners transforming a financially-risky Indian airline sector, alongside the publicity-shy founders of IndiGo. In the hothouse atmosphere of a classic aircraft industry negotiating ritual known as a “bake-off,” negotiators from the airline, plane makers and engine giants camped out at the Tata-owned hotel and neighbouring suites for days at a stretch.
“The convergence of the political will of the country to regain sovereignty of international connectivity, combined with the ambition of the mighty Tata ... if things are done right it has all the ingredients to be really solid,” Airbus Chief Commercial Officer Christian Scherer told Reuters on Tuesday.
“Air India negotiated hard and the team is very sharp despite having no prior aviation experience. They compare with some of the best dealmakers in the business,” one person said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WestJet preparing for summer takeoff from London, Ont. to Alberta - London | Globalnews.caThe non-stop flights between the Forest City and Edmonton from Canada’s second-largest airline are set to take off twice weekly beginning May 19.
Read more »
Councillor pair want to maintain downtown London, Ont. washroom hours - London | Globalnews.caThe push to have downtown public washrooms i London, Ont., keep their 12-hour schedules will go before all of city council when the group meets on Tuesday afternoon.
Read more »
London Health Sciences Centre sets record with babies born in 2022 - London | Globalnews.caIn total, there were 6,139 births, a three per cent increase from the London Health Science Centre's previous record of 5,964 back in 2021.
Read more »
Sudden death investigation launched in Elgin County, OPP say - London | Globalnews.caOn Saturday, police responded to a report of a suspicious vehicle parked at the On Route Service Centre, on the Eastbound Highway 401, in the municipality of Dutton-Dunwich.
Read more »
Emails show Trudeau minister's office quashed details of $6,000-a-night London suiteAnything in the emails that suggest who stayed in London\u0027s Corinthia\u0027s River Suite at more than $6,000 a night were redacted.
Read more »
Emails show Trudeau minister's office quashed details of $6,000-a-night London suiteAnything in the emails that suggest who stayed in London\u0027s Corinthia\u0027s River Suite at more than $6,000 a night were redacted.
Read more »