Air India has placed the largest commercial and consolidated order for a record 470 jets from Airbus and Boeing . The  contract value would be nearing  $ 100 billion . The prime beneficiaries are engine maker CFM International, a joint venture between General Electric and France’s Safran for the 210 Airbus narrow body  jets  The wide or bigger jets will be powered by GE or Britain’s Rolls-Royce.

Credit Le Monde

The airline was nationalised in the year 1953. It was a loss making airline and debt laden.Air India has been acquired by the Tata Group  .The transaction was worth $ 2.2 billion and is considered to be the highest profile privatisation .Such a huge order was last placed for 460 jetliners by American Airlines almost a decade ago

Credit The Economic Times

Air India plans to revive its long haul sectors through the acquisition of these 470 jetliners.

Credit Air India

The year 2022 witnessed the airlines passenger volume reach 123 million.