An Aircraft Supply Agreement for the Second Largest Aircraft Buyer in the World, and a Strong Strategic Partnership between the United States and India
Modi said India will be the world’s third-largest market in the aviation sector. Over the next 15 years, it’s estimated that India will need more than 2,000 aircraft and “today’s historic announcement will help in meeting this growing demand,” he said.
The agreement will include 190 Boeing 737 MAXs, 20 Boeing 787s, and 10 Boeing 777Xs – a total of 220 firm orders valued at a list price of $34 billion, the official says. The purchase will also include customer options for an additional 50 Boeing 737 MAXs and 20 Boeing 787s, totaling 290 airplanes for a total of $45.9 billion at list price.
In a statement, Biden said the sale would support more than one million American jobs and many would not need a four-year college degree.
The president said the announcement reflected the strength of the relationship between the US and India. Together with Prime Minister Modi, I look forward to further deepen our partnership as we confront shared global challenges and create a more secure and prosperous future for our citizens.
Production will support three separate U.S.-based manufacturing lines, will result in $70 billion in total economic impact across the United States and support an estimated 1.47 million direct and indirect jobs, a White House official said Tuesday.
As Western tensions with China increase, India is gaining some manufacturing business. Piyush Goyal, the Minister of Commerce and Industry said that Apple is currently making between 5% and 7% of its products in India.
If it can sustain that momentum, India could become only the third country with GDP worth $10 trillion by 2035, according to the Centre for Economics and Business Research.
Indian Airlines and Airbus: How Did Air India Get Their Aircraft? A Video Call with Guillaume Faury and An Ethiopian Airlines Flight Accident
(BA) 737 There were problems with Max but production has picked up thanks to an order from United late last year. The plane that Ethiopian Airlines took delivery of in June is the one that had an accident in March that killed all 157 people on board.
Guillaume Faury said that it was a historic moment for Air India and for Airbus in the video call. The order size shows that the Indian aviation industry wants to grow. It’s the fastest growing in the world.”
“The A350s will be used to fly all ultra long distance across the globe,” Chandrasekaran said. Short-haul routes can be used with single-aisle A320s. He said the airline has “significant options” to increase its order.
Tata Sons, India’s oldest and largest conglomerate, regained ownership of the debt-laden national carrier last year. The Tata Group pioneered commercial aviation in India when it launched the airline in 1932. It was taken over by the government in 1953.
Tata is integrating Air India with Vistara, which it jointly runs with Singapore Airlines, and with Air Asia India, which it runs with Malaysian discount operator Air Asia.