The order will be among the largest deals by value for a single airline (Getty)
Sources said in aeronautical sector On Sunday, Indian Airlines is close to placing a historic order for 500 planes worth tens of billions of dollars from both Airbus and Boeingat a time when it is carrying out an ambitious process of relaunching its business under the guidance of the “Tata Group”.
The sources said the orders include 400 narrow-body aircraft and 100 or more wide-body aircraft, including dozens of Airbus A350s and Boeing 787 and 777 aircraft. latest details of the deal.
The value of that transaction could exceed $100 billion at list prices, including any concessions. It would be among the largest deals by value executed by a single airline and could surpass a combined American Airlines order for 460 aircraft from Airbus and Boeing a decade ago.
Even after expected steep discounts, the deal will be worth tens of billions of dollars and comes at the end of a volatile year for the two aircraft manufacturing giants, whose aircraft have once again increased demand for their planes after the pandemic, but are facing increasing industrial and environmental pressures.
Airbus and Boeing declined to comment. Indian Airlines did not respond to a request for comment.
China delivered its first C-919 aircraft last week, but experts say it could take around a decade to be competitive at that level.
(Reuters)
