This year's most publicized privatization in India resulted in Tata purchasing Air India. Air India is quick to move forward as it prepares one of the largest aircraft deals in history.
According to sources acquainted with the situation, Air India Ltd. is contemplating placing one of the biggest orders in commercial aviation history for up to 300 narrowbody planes as the once state-run airline prepares to modernize its roster under new ownership.
According to the source, who requested anonymity because the talks are private, the carrier may acquire aircraft from either Boeing Co.'s 737 Max models or Airbus SE's A320neo family, or a combination of both. Even though concessions are typical in such bulk transactions, a deal for 300 737 Max-10 planes may cost $40.5 billion at list pricing.
It would be a victory for Boeing to land a narrowbody order in India, where rival Airbus rules the skies and was, prior to the Covid outbreak, the world's fastest-growing aviation market. W...