Air India Ltd on Monday made aviation history with the biggest aircraft order ever, agreeA à ing to purchase a total of 540 aircraft from Boeing and Airbus that will help the Tata Group airline expand its horizons in India and abroad.
The purchase of short-and long-haul aircraft is estimated to cost Air India a whopping $82 billion according to the list price, though the actual cost would be lower since bulk orders come with discounts and incentives.
Of the total 540 aircraft, 470 are firm orders, and the rest 70 are options with Boeing that Air India can exercise in the future. The 470 aircraft include 250 Airbus and 220 Boeing planes, with the first of them landing later this year. According to Bloomberg, the previous single largest jet order was a 460-plane deal by American Airlines in 2011.
"The first aircraft to arrive will be 25 brand-new Boeing B737-800s and six Airbus A350-900s in the second half of 2023, with deliveries really ramping up in 2025 and beyond. In the meantime, our capacity growth will continue to be supported by the previously announced lease-in of additional narrow-body and wide-body aircraft and the restoration-to-service of the remainder of our grounded fleet," Air India CEO Campbell Wilson said in an email to employees.
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