As it carves out an ambitious recovery under the Tata Group conglomerate, Air India is close to placing unprecedented orders for as many as 500 jetliners worth billions of dollars from both Airbus and Boeing, according to sources.
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Air India to place for 500 billions
They claimed, speaking on the condition of anonymity because the massive transaction is still being finalised, that the orders comprise up to 400 narrow-body aircraft and at least 100 wide-body aircraft, including Airbus A350, Boeing 787, and Boeing 777 models.
Both Boeing and Airbus declined to comment.
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