Air India has sealed a $70 billion deal (at list price) to acquire 470 aircraft from Airbus and Boeing. While the mega orders were announced in February, formal purchase agreements were signed at the air show in Paris on Tuesday.
The signing will pave the way for deliveries to start over the next few months. This will include the Airbus A350 aircraft, while the bulk of the order will be delivered from mid-2025 onwards, the airline said.
At present, Air India has 122 aircraft and is also leasing a total of 36 Airbus A320neo and the Boeing 777 aircraft for expansion.