French planemaker Airbus on Friday signed an agreement with Air India for 250 jets, as part of the Indian carrier's jumbo deal under its new owners, Tata Group, industry sources told Reuters.
agreements for its 220-plane share of the deal on Jan. 27, a date that marks a year since Tata regained ownership of the former state-run carrier, sources told Reuters. The deal includes 190 narrowbody 737 MAX jets, and 30 widebodies split between 20 787s and 10 777Xs.
The order reflects Air India's strategy to re-capture a solid share of trips between India's large overseas diaspora and cities such as Delhi and Mumbai, dominated mainly by Gulf rivals such as Emirates with its young, modern fleet. Air India also wants to win a bigger share of regional international traffic and the domestic market, setting up a battle on both fronts with IndiGo.
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