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Air India likely to seal massive deal with Boeing

AI is expected to finalise multi-billion deal for 495 jets with Boeing today: Reports

Air India Air India aircraft at Mumbai International Airport | Amey Mansabdar

As part of reviving the new airline, Tata's Air India on Friday will reportedly seal half an order worth billions of dollars for around 495 jets with Boeing and engine suppliers General Electric and CFM International.

Air India is set to place an order for 190 Boeing 737 MAX narrow body planes as well as some 20 Boeing 787s and 10 Boeing 777X, reported Reuters.

According to Reuters, the second half of the order includes around 235 Airbus, single-aisle jets and about 40 Airbus A350 widebody aircraft.

Once the deal is finalised, Air India will be in the league of large global airlines.

Though Air India is yet to officially announce the deal, Senior Boeing, GE and SFM official is expected to be in India on Friday for finalising the deal.

Earlier it was reported that Air India was closing in on a deal for about 500 jets.

Air India is looking forward to restore its reputation both in India and overseas by improving their service and introducing world-class planes.

According to reports, the aim is to corner 30 per cent of the domestic air travel market over the next five years. Presently IndiGo is the market leader back in home.

Tata's four airlines, including two budget carriers, Air India and Vistara its joint venture with Singapore Airlines, have a combined market share of 24 per cent. 

Also, Air India completed one year after its return to Tata group on Friday. Chief Executive Officer Campbell Wilson had sent out an e-mail congratulating and thanking the employees of the company.

In a year, the total opearting aircraft increased by 27 per cent to 100 while the number of average daily flights increased by 30 per cent.

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