Air India’s CEO Campbell Wilson announced during a press conference on Monday that the airline’s order for a record 470 aircraft from Airbus and Boeing will be at a list price of $70 billion.
- Air India’s latest bid to acquire 470 aircraft from Airbus and Boeing is being termed historical and is expected to put the once glorious airline in the league of top domestic and global air carriers.
- The negotiations with aircraft works Boeing and Airbus were led by Nipun Aggarwal and Yogesh Agarwal, former top executives at Tata Sons who were brought on panel Air India Transformation Team to overhaul the airlines.
In a statement released by the White House, Biden said, “The United States can and will lead the world in manufacturing. I am proud to announce today the purchase of over 200 American-made aircraft through a historic agreement between Air India and Boeing.
This purchase will support over one million American jobs across 44 states, and many will not require a four-year college degree. This announcement also reflects the strength of the U.S.-India economic cooperation.”