Air India is making such a huge investment
India’s daily passenger traffic has crossed the pre-Covid record of 4.07 lakh passengers. On 12 February, Indian airports saw a movement of 4.37 lakh passengers. This shows that the demand for air travel is increasing despite the increase in fares. There are 131 operational airports in India and the government is planning to increase it to boost connectivity. It is for these reasons that Air India is making such a huge investment.
One million jobs in America from Boeing deal
After the deal with Airbus, US President Joe Biden announced a deal of 220 aircraft between Air India and Boeing. There was also a phone conversation between Joe Biden and Narendra Modi regarding this. Biden described the deal as a milestone in the relationship between the two countries. He said, this will create more than one million jobs in 44 states of America.
— GE in India (@GEIndia) February 14, 2023
Deal announced with Airbus in virtual event
Air India and Airbus announced the deal at a virtual event. The event was attended by Aviation Minister Jyotiraditya Scindia, Tata Group Chairman Emeritus Ratan Tata, Tata Sons Chairman N Chandrasekaran, Air India CEO Campbell Wilson and Airbus CEO Guillaume Faury as well as PM Narendra Modi and French President Emmanuel Macron .
PM Modi said– This important deal shows the deepening relations between India and France as well as the success of India’s civil aviation sector. At the same time, the CEO of Airbus called this deal a historic moment. He said- Air India will write the story of its transformation with the help of Airbus. Here, Britain’s PM Rishi Sunak has expressed happiness over this deal.
Airbus dominates the Indian market
Airbus dominates the Indian market
Indigo, India’s market leader in civil aviation, is the world’s largest customer of the Airbus A320. Securing such a large order for the narrow-body aircraft in India is also significant for Boeing. Air India’s deal with Boeing and Airbus is being called the ‘mother of all aviation deals’.
With options for 70 more Boeing jets, you are well on your way. ✈️✈️✈️ pic.twitter.com/UIfYU1tB6m
— Boeing Airplanes (@BoeingAirplanes) February 14, 2023
Rolls-Royce makes engines for Airbus planes British company Rolls-Royce will make engines for Airbus’s A350 planes. In such a situation, British PM Rishi Sunak said – Britain will also benefit from this agreement. American company Boeing’s 777 and 787 will have GE Aerospace engines, while all single-aisle aircraft will have CFM International engines.
Air India was acquired by Tata on 27 January 2022
From 27 January 2022, the government company Air India became private. It was bought by Tata for Rupees 18,000 crore. Talking about the aviation market, India’s aviation market is the third largest in the world. It is expected to double in the next 10 years.
US President expressed happiness
US President Joe Biden has expressed happiness over the deal. The total cost of the 220 aircraft would be US$34 billion. Large size aircraft will be used for long distance flights.
French President said this
The French President said that this achievement shows that Airbus and all French partners are working to enhance the partnership with India. We have achieved a lot with India. We have a historic opportunity to take this further.
This is one of the biggest export deals to India in decades and a huge win for the UK's aerospace sector.
With wings from Broughton and engines from Derby, this deal will support jobs around the country and help deliver one of our five priorities – growing the economy. https://t.co/Zs0Qqf37Yr
— Rishi Sunak (@RishiSunak) February 14, 2023
UK Prime Minister Rishi Sunak and Business and Trade Secretary Kemi Badenoch have welcomed a significant deal for Airbus and Rolls-Royce to provide new aircraft to Air India, the British High Commission said.