Boeing to deliver up to 290 jets to Air India to support its strategy for sustainable growth
Dubai, United Arab Emirates—Boeing [NYSE: BA] and Air India announced the carrier has selected Boeing’s family of fuel-efficient airplanes to expand its future fleet with plans to invest in 190 737 MAX, 20 787 Dreamliner and 10 777X airplanes.
The agreement between Boeing and Air India includes options for 50 additional 737 MAXs and 20 787-9s. When finalized, this will be the largest Boeing order in South Asia and a historic milestone in the aerospace company’s nearly 90-year partnership with the carrier. The order will post to Boeing’s Orders and Deliveries website when final.
Air India, the flag carrier of India, formerly owned and operated by its government was fully acquired by Tata Sons via its subsidiary, Talace Private Limited, on 27 January 2022.
Along with a comprehensive set of aviation services, Air India is advancing its fleet strategy tosustainably address South Asia’s rapidly growing market for domestic and international air travel.
“This acquisition of nearly 300, highly advanced Boeing jets is a core element of Vihaan.AI, the comprehensive transformation and growth strategy we are pursuing at Air India,” said Campbell Wilson, CEO and MD, Air India. “These new airplanes will enable us to dramatically expand our network, both domestically and internationally, and will come with a completely new, world-class onboard product enabling passengers to travel in the highest levels of comfort and safety. With this order, we are delighted to take our long relationship with Boeing to a new level.”
“Air India’s selection of Boeing’s family of passenger jets shows their confidence in our products and services in the world’s fastest growing aviation market, and their decision will support engineering and manufacturing jobs at Boeing factories in Washington state, South Carolina and across our supply base,” said Stan Deal, president and CEO of Boeing Commercial Airplanes.
Air India has also contracted with Boeing Global Services for lifecycle support services, including digital solutions, spare parts and landing gear exchange programs, pilot and maintenance technician training, aircraft modifications and other services.
The 737 MAX will provide flexibility across Air India’s domestic and international network while reducing fuel use and emissions by 20% compared to the airplanes it replaces.
Air India has benefited from the efficiency and flexibility of the 787 Dreamliner family with an existing fleet of 27 787-8s. The larger 787-9 will provide increased capacity, greater range and 25% better fuel efficiency compared to earlier generation jets.