Air India has options and purchase rights to buy 370 more aircraft from Airbus and Boeing over the next decade, an company executive said in a recent LinkedIn post, days after the carrier unveiled a record orderĀ for 470 jets.
“The order comprises of 470 firm aircraft, 370 options and purchase rights to be procured from Airbus and Boeing over the next decade,” said Nipun Aggarwal, chief commercial and transformation officer at Air India, wrote in aĀ postĀ late Wednesday.
Aggarwal also said Air India had signed long-term engine maintenance contracts with CFM International (CFM), Rolls-RoyceĀ (RR.L)Ā and GE AerospaceĀ (GE.N).
The Tata Group-owned airline aims to capitalize on India’s growing base of fliers and large diaspora across the world.
Aggarwal said the aspiration with this order is to connect India “non-stop” to every major city in the world and shows the “tremendous economic potential” unleashed by the privatization of Air India.
Air India is trying since a long time, but they failed every time, they purchased the planes and make them a showcase š
Congratulations to Air India! This will sure increase the India’s influence over the world.
Big step of India towards the world economy.