Air India wants to take off by commanding 250 planes to Airbus
he Indian airline Air India, privatized a year ago, signed on Tuesday, a giant letter of intent to acquire 250 planes from Airbus to meet the expected growth of the huge Indian market.
A multi-billion dollar commitment. The Indian airline Air India signed a letter of intent on Tuesday February 14 to acquire 250 aircraft from'Airbus. This contract must quickly be coupled with another similar order ( 220 aircraft ) for the benefit of Boeing, according to press reports.
Airbus and Tata group leaders, the company's owner, announced the agreement at a ceremony by videoconference, in the presence of Indian Prime Minister Narendra Modi and French President Emmanuel Macron, on the occasion of the AeroIndia fair in Bangalore.
The Indian national company, privatized last year, ordered 210 A320neo and 40 A350 wide-body aircraft manufacturers, providing the European aircraft manufacturer with several months of production.
The amount of the transaction was not disclosed but the last catalog price made public by Airbus in 2018 – never applied due to rebates granted – values it at more than 36 billions of dollars.
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"Constant deepening of relations between India and France"
Negotiated for almost two years, this intention to order, which must soon be concretized by first payments to become a firm order, also includes a "significant number of options" for additional aircraft as Air India develops to become "a world class company", according to Shri N. Chandrasekaran, the boss of the Tata group.
"Our ambition for the country is to produce commercial aircraft there in the future," he added.
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