Airbus, Boeing and Air India inks agreement for largest purchase in history

Airbus, Boeing and Air India inks agreement for largest purchase in history: In an effort to rebuild itself with a fleet that can compete with regional low-cost rivals and strong Gulf airlines like Emirates, Air India Ltd. has signed deals with Airbus SE and Boeing Co. for what may end up being the largest acquisition of aircraft in commercial aviation history.

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According to people involved with the talks, who not to be named because the conversations are private, the airline and the two planemakers have agreed on the broad strokes of the agreement and may publicly announce the contract as early as next week.

According to the sources, Airbus is in line to get roughly 250 orders and commitments total, made up of 210 aircraft from the A320 single-aisle family and 40 wide-body A350s.

With 190 737 Max aircraft and the option for 50 more, 20 787 Dreamliners and the same number as a potential top-up, coupled with 10 777x aircraft, Boeing has secured roughly 290 potential acquisitions.