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| Boeing 737 MAX: The Boeing 737 MAX aircraft is displayed at the Farnborough International Airshow, in Britain.(Reuters) |
Air India Ltd., a company owned by the Tata Group, is most likely to make a firm order for 50 737 Max aircraft with the option to buy up to 150 more. With a fleet of 218 aircraft, the integration is expected to make Air India the largest international and second-largest domestic carrier in the nation.
According to the Economic Times, which cited unnamed sources, Tata Group-owned Air India Ltd. is close to finalising a deal with Boeing Co. to purchase up to 150 737 Max aircraft, which would be the first significant aircraft acquisition since the carrier's privatisation.
According to the publication, Air India is most likely to place a definite order for 50 737 Max aircraft with the option to buy up to 150 more. Earlier this year, debt-ridden Air India was officially taken over by Tata.To the Economic Times, a Boeing spokeswoman declined to comment. A request for feedback made after business hours did not immediately receive a response from Air India.
The airline may enhance its domestic and global market share with the addition of more fuel-efficient aircraft. A behemoth is anticipated to be created in one of the aviation industry's fastest-growing sectors as a result of Tata's recent decision to merge Air India with Vistara, which it partly owns with Singapore Airlines Ltd.
With a fleet of 218 aircraft, the integration is expected to make Air India the largest international and second-largest domestic carrier in the nation.
Singapore Air will contribute $250 million to receive a 25.1% interest in the combined airline. Both partners have committed to provide additional funding for the expanded Air India, with Singapore Air's portion having the potential to reach $615 million, if necessary over the next two years.
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