Air India confirms order for 100 Airbus plane as a part of world growth plan

Tata group-owned Air India has confirmed an order for 100 Airbus plane, the 2 corporations stated on Monday, as a part of a multi-billion-dollar plan to show itself into a number one world airline.

In October, Airbus introduced an order for 75 A320 jets and 10 A350s by an unnamed buyer, which sources stated was more likely to be Air India.

The Indian provider has now confirmed that it positioned an order for 100 planes, together with 90 A320-family jets and 10 A350 widebodies, topping up its mega order for 470 Airbus and Boeing planes final 12 months.

The deal is value some $6.4 billion after typical trade reductions, in response to estimated supply costs from UK-based Cirium Ascend.

Since taking management of the provider in 2022, Tata Group has spent billions on ordering lots of of recent jets, altering the provider’s emblem and upgrading interiors for over half its fleet to tackle rivals Emirates and Qatar Airways.

The previous state-owned airline had in February final 12 months ordered 250 jets from Airbus and 220 from Boeing, and had additionally negotiated a complete of 370 choices and buy rights from the 2 planemakers on high of the primary order.

Air India had stated then that it had choices for ordering 70 extra Boeing jets however didn’t publish a breakdown for Airbus.

Final month, the airline merged with Vistara, a three way partnership between Singapore Airways and the Tatas. Singapore Airways holds a 25% stake within the merged provider and has agreed to take a position as much as an extra $600 million in Air India’s turnaround.

Earlier within the 12 months, Air India kicked off a $400 million plan to refit previous planes as a part of its transformation into “a world class airline.”