The Tata Group will acquire 470 aircraft from Airbus and Boeing with the intention of repairing the Air India fleet and reviving the ailing airline. The Boeing order is estimated to be $34 billion, and the Airbus transaction is estimated to be $35 billion, making this the largest commercial aviation transaction ever. Optional purchases of 50 737 Max and 20 787 aircraft, each worth $12 billion more, are included in the signed agreement with Boeing.

460 Boeing and Airbus aircraft were included in the deal. Simply put, Air India's acquisition surpasses American Airlines' acquisition by 10 aircraft. The following greatest request came from IndiGo in 2019 when the minimal expense air transporter submitted a colossal Airbus request for 300 A320neo family airplane esteemed at $33 billion.

250 Airbus aircraft, including 210 narrow-body A320s and 40 wide-body A350s, will soon be housed in the Air India hangars. Additionally, it will house 220 Boeing jets, including 190 737 Max, 20 787, and 10 777X aircraft.

This is Air India's first new order in over 17 years, and it is Tata's first order since it was taken over by Tata a little over a year ago. American Airlines' 2011 order for 460 aircraft was the previous single-largest.

Six Airbus A350-900s and 25 Boeing B737-800s, according to Air India, will arrive in the second half of 2023. Air India has begun taking delivery of 11 leased B777s and 25 A320s in the interim to accelerate the expansion of its fleet and network.

In a video conference with Prime Minister Narendra Modi, French President Emmanuel Macron, and Tata Trust chairman Ratan Tata, Chandrasekaran said that Airbus' order for narrow-body aircraft has "significant options to be increased."

With Vistara, AirAsia India, and Air India Express combined, Air India currently operates a fleet of approximately 227 aircraft. Airbus and Boeing planes with narrow and wide bodies are examples of these.

"India is on the verge of an international air travel revolution, and we are humbled at Airbus that our partnership with the Tata Group will contribute to this new chapter," stated Guillaume Fuary, CEO of Airbus. India should transform into an international hub at this time.

In October of last year, the Tata group and Airbus announced that they would collaborate on the production of forty C-295 transport aircraft for the Indian Air Force. Additionally, Chandrasekaran mentioned the Tata group's desire to venture into commercial aircraft manufacturing.

India's civil aviation market is close to returning to pre-pandemic levels, which has surprised market observers because carriers are scrambling to meet the rising demand. According to data released by the Directorate General of Civil Aviation, the number of people who flew in 2022 increased by 47% to 123 million, up from 2021's 123 million.

By 2024, the Centre intends to revive or develop 100 unserved and underserved landing sites, including airports, heliports, water aerodromes, and advanced landing grounds, in order to provide unconnected individuals with access to the air.

The civil aviation industry is an important part of India's growth. Our national infrastructure strategy includes a significant component that strengthens civil aviation. India now has 147 airports, up from 74 in the previous 8 years. India will soon become the world's third-largest market for civil aviation.

Airbus currently operates approximately 470 commercial aircraft in India, and the European giant has approximately 850 planes on order for Indian airlines. Around 159 Boeing planes are used by Indian airlines. With over 1,100 planes on order from various domestic airlines, the country's airline industry is poised for growth that builds the india nation big.