air india boeing deal, after France now shopping for 220 boeing aircraft from America, what did America get from this deal of Air India – why air india-boeing deal is important between india and usa

US President Joe Biden termed the deal as historic. He said the deal would create one million American jobs. Biden has been pushing to create better-paying industrial jobs for a labor class battered by such out-migration, primarily in China, as well as boosting manufacturing in the US. Biden said Boeing’s purchase of Air India shows that the United States can and will lead the world in manufacturing. The reference to jobs in the US, which a White House official said, would amount to 1.47 million, both direct and indirect. It may also offset criticism in the US of tech jobs going to India, showing that American workers benefit too.

Air India big deal

The official said the Air India order would have a total economic impact of $70 billion. According to the official, the Air India order is Boeing’s third largest ever sale in terms of dollar value and second largest in terms of volume. The order for 220 aircraft from Air India is worth $34 billion and includes 190 Boeing 737 Max, 20 Boeing 787 and 10 Boeing 777X, the official said. The official said the agreement includes an option to buy an additional 50 Boeing 737 Max and 20 Boeing 787 and if they are successful, the total purchase would be 290 aircraft, increasing the value to $45.9 billion. Air India, which is now back with its original owner Tata Group after last year’s privatization, also announced a deal to buy 250 aircraft – 210 A320neo narrow-body aircraft and 40 A350 wide-body aircraft – from Europe’s Airbus. Did.

what will america get

Biden said the historic Boeing deal reflects the strength of the US-India economic partnership. “I look forward to deepening our partnership with Prime Minister Modi as we continue to address shared global challenges – creating a more secure and prosperous future for all our citizens,” he said. The White House official linked the announcement to the inaugural launch of the US-India Initiative on Critical and Emerging Technologies (ICET) launched last month. The initiative seeks to expand strategic technology partnerships and defense industrial collaboration between the two governments, businesses and universities.