February 2023 \ Cover Story \ COVER STORY
HISTORIC AIR INDIA-BOEING DEAL TO SUPPORT 1 MILLION JOBS

Ahead of next year’s election, US President Joe Biden in February termed Air India’s $34 billion order for 220 Boeing planes as a “historic” deal that will support his agenda with one million US jobs and promote its lead in technology.

By Arul Louis

The agreement includes an option to buy additional 50 Boeing 737 MAXs and 20 Boeing 787s and if they go through, the total purchases will be 290 planes raising the value to $45.9 billion, the official said.

Air India, which is now back with its original owner Tata Group after last year’s privatisation, also announced a deal to buy 250 planes from Europe’s Airbus - 210 A320neo narrow body planes and 40 A350 wide body aircraft. The “historic” Boeing deal, Mr Biden said, “Reflects the strength of the US-India economic partnership.”


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Tags: USA

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