Air India has reportedly sealed the world’s biggest ever aviation deal, worth $15.5 billion, with the European aircraft manufacturer, Airbus. The deal includes the purchase of 300 A320neo Family aircraft, which will help to renew and expand the airline’s fleet.
According to a statement by Air India, the deal was signed during the recent visit of French President Emmanuel Macron to India. The aircraft order will be split between Airbus and the leasing arm of Air India, and will be delivered over the next 15 years.
The A320neo Family aircraft is a new generation of narrow-body aircraft that offers improved fuel efficiency, lower emissions, and reduced noise levels compared to previous models. This makes it an attractive option for airlines looking to reduce their carbon footprint and operating costs.
Air India’s decision to purchase 300 A320neo Family aircraft is a significant investment in the airline’s future and represents a major expansion of its fleet. The move is also expected to create jobs and support the growth of India’s aviation industry.
The deal is a significant milestone for Airbus, which has been facing stiff competition from its US rival, Boeing, in recent years. The European aircraft manufacturer has been pushing to expand its presence in the Asian market, and the Air India deal is a major step in that direction.
Overall, the world’s biggest ever aviation deal between Air India and Airbus represents a major investment in the future of the airline and the growth of India’s aviation industry. It also highlights the growing demand for more fuel-efficient and environmentally-friendly aircraft, as airlines around the world seek to reduce their carbon footprint and operating costs.