Air India's mega Aircraft deal with Boeing and Airbus
Tata group's flagship company Air India has signed a historic aircraft deal with US Aircraft giant Boeing and European Aircraft manufacturer Airbus and the deal will improve the aviation industry of India further. Air India's mega deal for passenger aircraft will result in the national carrier offering one of the world's youngest fleet with improved amenities for Indian travellers. The troubled national carrier, which was acquired by Tatas, has retired most of its older aircraft and launched a five-year plan to modernise its ageing fleet. The first new plane will go into service at the end of this year. The sheer size of this new order indicates Air India's desire to reclaim its pole position in India's crowded aviation market and acquire a strategic edge to service the world.
The acquisition of wide bodied aircraft like the A350s will allow Air India to penetrate markets like the US and Australia directly through non-stop flights between these destinations and India. These are lucrative routes to service the massive Indian diaspora that resides overseas.
