Amid recession in the world, Indian company has done the world’s biggest aviation deal, 470 aircraft will come from America-France

Amidst the recession in the world, the Indian airline Air India has announced major aircraft deals with America and France, which will definitely strengthen India’s relations with America and France. The presence of the President of America and France along with the Prime Minister of India at the time of announcement of the deal shows how important this deal is. As far as the aircraft deal is concerned, let us tell you that Air India will buy 220 aircraft from Boeing of America for $ 34 billion, while it has been announced to buy 250 aircraft from French company Airbus. This aircraft deal is one of the biggest aircraft deals in world history.

What did Modi-Biden talk about?

First of all, talking about America, let us tell you that Prime Minister Narendra Modi had a phone conversation with US President Joe Biden on Tuesday and expressed his deep desire to strengthen bilateral cooperation in many areas. Both the leaders appreciated the historic agreement between Air India and Boeing, which will help in creating new employment opportunities in both the countries. Let us tell you that according to an announcement by the US President’s Office ‘White House’, Boeing and Air India have reached an agreement, under which Air India will buy 220 aircraft from Boeing for $34 billion. These include 190 B737 Max, 20 B787, and 10 B777X. The deal will have an option to buy 70 more aircraft, taking the total transaction value to $45.9 billion.

PMO statement

On the other hand, a statement issued by the Prime Minister’s Office said that there was a warm and meaningful conversation between the two leaders. The PMO said Modi and Biden expressed satisfaction at the deepening of the India-US Comprehensive Global Strategic Partnership, resulting in strong growth in all sectors. The statement said the two countries welcomed the announcement of a “historic agreement” between Air India and Boeing, describing it as an excellent example of mutually beneficial cooperation that will help create new employment opportunities in both countries. will help. The Prime Minister invited Boeing and other US companies to take advantage of the opportunities created by the growing civil aviation sector in India.

The PMO said the two leaders welcomed the first meeting of the ‘Initiative on Critical and Emerging Technologies (ICET)’ held recently in Washington and discussed areas of interest in space, semi-conductors, supply chains, defense co-production and co-development and knowledge and innovation. Expressed a deep desire to strengthen bilateral cooperation in the ecosystem. “They agreed to strengthen the vibrant people-to-people ties that have been mutually beneficial,” the PMO said. Also agreed to keep in touch. At the same time, Prime Minister Modi said in a tweet, “It was a pleasure to talk with President Joe Biden.” We welcome the historic Air India and Boeing agreement, which will help create new opportunities in both countries.

Statement from the US President’s Office

Meanwhile, the US President’s spokesperson has said that US President Joe Biden and Prime Minister Narendra Modi discussed the importance of technology partnership between the US and India. “They (Modi and Biden) also discussed the importance of technology partnership between India and the US,” said Karin Jean Pierre, press secretary of the White House, the official office of the US President. The two leaders reaffirmed the strength of the US-India relationship and committed to continue working together and in groups such as the ‘Quad’ to expand cooperation on their shared priorities and advance economic growth. The US, Australia, India and Japan have met for a long time to develop a new strategy to keep the vital sea routes in the vital region free from any influence amid China’s growing military presence in the Indo-Pacific region. The proposal to set up the ‘Quad’ took shape in November 2017. Asked whether Biden invited Prime Minister Modi to the White House this summer, Pierre said, “I won’t comment on that, but they had a good conversation.” According to the press secretary, they talked about Boeing and Discussed the historic agreement between Air India.

Pierre said, “President Biden mentioned how this sale will help more than one million American jobs in 44 states and how Air India will help meet the growing demands for air transportation in India.” ‘ Announcing the agreement between Boeing-Air India, Biden said that he along with Prime Minister Modi wants to deepen the relationship between India and America.

How many planes will come from France?

Apart from this, Air India has also announced to buy 250 aircraft from Airbus. Of these, 40 will be large size aircraft. Tata Sons Chairman N Chandrasekaran gave this information. Describing the deal as historic, Prime Minister Narendra Modi said that it shows the strength of the relationship between India and France. Let us tell you that the airline is preparing to expand its fleet and operations. This is the first time in 17 years that Air India is going to place orders for purchase of aircraft. This will be Air India’s first order after coming under the ownership of the Tata group. The Tata Group-owned airline will buy 40 widebody A350s and 210 smallbody aircraft from Airbus.

In an ‘online’ meeting, Chandrasekaran said that a letter of intent has been signed with Airbus for the purchase of these aircraft. The meeting was also attended by Prime Minister Narendra Modi and French President Emmanuel Macron, among others. Union Minister Piyush Goyal, Tata Group patriarch Ratan Tata, Air India CEO Wilson Campbell and Airbus CEO G Faury were present at the event. Large size aircraft will be used for long distance flights. It is noteworthy that flights of more than 16 hours are called long haul flights. Let us also tell you that Tata Group had acquired Air India in January last year. After this acquisition, Tata Group is taking various measures to grow this airline.

The airline had last placed an order for 111 aircraft in 2005. Of these, 68 aircraft were ordered by Boeing and 43 by Airbus. The Tata group had completed one year of acquisition of Air India on 27 January. At the time, the airline had said it was finalizing a historic order to purchase new aircraft to drive future growth.