Air India Close to Record Aircraft Deal With Airbus, Boeing
- Planemakers have locked in huge deals for narrobody jets
- Parent company Tata is seeking to consolidate market
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Air India Ltd. has signed agreements with Airbus SE and Boeing Co. for what could become the largest purchase of jetliners in commercial aviation history, as the carrier seeks to reinvent itself with a fuel-efficient fleet that can take on local low-cost rivals and powerful Gulf airlines like Emirates.
The airline has agreed on the outlines of the accord with the two planemakers and may formally announce the deal as early as next week, according to people familiar with the talks, who asked not to be identified because the negotiations are confidential.