The current order includes 840 aircraft, of which 470 are firm orders, including 250 from Airbus and 220 from Boeing. A firm order is confirmed, while an option is not, and airlines can decline to buy them.
"This order of 840 aircraft has been a culmination of a fascinating journey that began almost two years ago, starting with the Air India privatization process," Aggarwal said in a LinkedIn post.
"The Airbus firm order comprises 210 A-320/321 Neo / XLR and 40 A350900/1000. The Boeing firm order comprises 190 737-Max, 20787s and 10 777s," he said.
The A350 aircraft will be powered by Rolls-Royce engines, and the B777/787s by engines from GE Aerospace. All single-aisle aircraft will be powered by engines from CFM International.
The first aircraft to arrive will be 25 brand-new Boeing B737-800s and 6 Airbus A350-900s in the second half of 2023, with deliveries really ramping up in 2025 and beyond.
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