Tata Group's Air India to buy 500 jets from Airbus, Boeing in $100+ billion deal

About a year ago, Air India returned home to the TATA group after 6 decades. After this the Tata Group has worked hard to make Air India the best and the best airline in the world. Make changes in various aspects of Air India, from management to operations.

The TATA Group also seems to emphasize that Air India's journey should be pleasant, comfortable and safe. It is now said that the Tata Group has begun preparations to bring 500 new aircraft to Air India's fleet. It was the biggest acquisition in the history of Air India.

Reports claim that TATA may place an order for 100 large aircraft such as Airbus A350S, Boeing 787S and Boeing 777S, while on the other hand, 400 smaller aircraft. The purchase price of this aircraft for Air India could be around $100 billion.

A decade ago, American Airlines placed an order for 460 Airbus and Boeing jets at one time. Although huge concessions were given by the companies in the Air India deal, the transaction is expected to go into the billions of dollars.

After the corona epidemic, the civil aviation sector is gradually stabilizing, and it is said that jet aircrafts are once again in great demand. On the other hand, Airbus and Boeing declined to comment on the deal, while TATA Group-owned Air India.

Delivery of this new order of 500 jets may take at least 10 years. TATA group is seen working on several plans to dominate the aviation sector in India. Recently, the merger of Vistara Airlines with Air India was approved.

TATA Sons currently holds a 51 percent stake in Vistara Airlines, while Singapore Airlines owns 49 percent. Under the new deal, Singapore Airlines will have a 25.1 percent stake in Air India. According to Singapore Airlines, the company Air India has around 20.

It is also believed that after this deal, the company will face tough competition from IndiGo, which dominates the airline sector. Meanwhile, now Air India is going to modernize its wide body planes. A whopping $400 million to modernize its interior.

According to information received from Air India, the company will replace the interior of 27 Boeing B787-8 and 13 B777 aircraft. The modernization plan will completely change the interior of the existing cabin. This means the old seats will be replaced with the latest generation modern seats.

As Air India flights operate on international routes, best-in-class entertainment facilities will be provided. The TATA Group expects this modernization process at Air India to be completed by mid-2024. So far Air India's wide body insurance.

This arrangement is already in place in Vishtar, another airline of the TATA group. The creation of this cabin will benefit such customers. Low cost for travelers who don't want to strain their pockets to travel in business or first class.

As Air India is the flag carrier airline of the country, such arrangements will have to be made in some planes as well. Our Vihaan. As part of Air India's transformation programme, Air India will achieve high standards of products and services befitting a world-class airline.