Air India Wants to Be The Next Emirates

Saxema and Philip discuss the goal of Air India to be the next Emirates, highlighting its new owner, Tata Group. Air India is making an expensive push to renew its fleet and expand its global presence. One year after conglomerate Tata Group bought the airline from the government for $2.2 billion, Ai...

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Bibliographic Details
Published in:Bloomberg businessweek (Online) 2023-02 (4774), p.16
Main Authors: Saxena, Ragini, Philip, Siddharth
Format: Magazinearticle
Language:English
Subjects:
Acquisitions & mergers
Aircraft
Online Access:Get full text
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Summary:Saxema and Philip discuss the goal of Air India to be the next Emirates, highlighting its new owner, Tata Group. Air India is making an expensive push to renew its fleet and expand its global presence. One year after conglomerate Tata Group bought the airline from the government for $2.2 billion, Air India on Feb. 14, 2023, announced an order of 470 aircraft, potentially marking the biggest deal in commercial aviation history with a list price value likely exceeding $60 billion. The global importance of the purchase was underscored by the three heads of state who participated in the announcement: Indian Prime Minister Narendra Modi, US President Joe Biden and French President Emmanuel Macron. The order is split about evenly between archrivals Airbus SE and Boeing Co., including roughly 400 of the popular A320- and 737-faniily narrowbody jets and about 70 widebodies, plus options for more from either company.
ISSN:0007-7135
2162-657X