Air India in talks with Boeing, Airbus for ‘major' 200 narrow-body aircraft order: Report
NEW DELHI (Reuters) -Tata Group's Air India is in talks with Airbus and Boeing for a major new aircraft order including some 200 extra single-aisle planes, topping up a mammoth deal in 2023 as the former state carrier pursues a multi-billion revamp, industry sources said.
The order discussions, which two of the sources said could involve hundreds of airplanes in total spread across various sizes, expand on previously reported discussions for a further batch of large wide-body aircraft, they told Reuters.
Air India, Boeing and Airbus all declined comment.
Word of a potential new blockbuster order from India's flag carrier emerged as global airline bosses gathered in the world's fastest-growing aviation market for an industry summit to be addressed by Indian Prime Minister Narendra Modi on Monday.
Air India placed a then-record order for 470 planes from both suppliers in 2023 and another 100 Airbus jets last year.
The back-to-back plane orders come at a time when aircraft manufacturers are scrambling with supply chain issues leading to severe delays in aircraft delivery and a looming jet shortage.
Getting new planes is crucial for Air India, which has suffered from years of under-investment under government ownership and is now undertaking an ambitious modernisation plan to recapture market share lost to global rivals.
The exact number of narrowbody jets under the new order was not immediately clear but two sources put it in the hundreds and one said it involved a provisional total of 200 narrow-body planes, which are the workhorse of aviation fleets worldwide.
(Reporting by Tim Hepher, Aditi Shah, Rajesh Kumar Singh; Editing by Elaine Hardcastle and Sophie Walker)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
17 minutes ago
- Hindustan Times
China's factory activity cools in May as US tariffs hit
* Caixin manufacturing PMI at 48.3 in May vs 50.4 in April * New export orders fall at fastest pace since July 2023 * Output contracts for the first time since October 2023 BEIJING, - China's factory activity in May shrank for the first time in eight months, a private-sector survey showed on Tuesday, indicating U.S. tariffs are now starting to directly hurt the manufacturing superpower. The Caixin/S&P Global manufacturing PMI fell to 48.3 in May from 50.4 in April, missing analysts' expectations in a Reuters poll and marking the first contraction since September last year. It was also the lowest reading in 32 months. The 50-mark separates growth from contraction. The result is broadly in line with China's official PMI released on Saturday that showed factory activity fell for a second month. A federal appeals court temporarily reinstated the most sweeping U.S. tariffs, a day after a trade court ruled that President Donald Trump had exceeded his authority in imposing the duties and ordered an immediate block on them. Two weeks after breakthrough negotiations that resulted in a temporary truce in the trade war between the world's two biggest economies, U.S. Treasury Secretary Scott Bessent said on Thursday the talks are "a bit stalled". China's Premier Li Qiang last week said the country is mulling new policy tools, including some "unconventional measures", which will be launched as the situation evolves. According to the Caixin survey, new export orders shrank for the second straight month in May and at the fastest pace since July 2023. Producers said the U.S. tariffs restrained global demand. That dragged down overall new orders to the lowest since September 2022. Factory output meanwhile contracted for the first time since October 2023. Employment in the manufacturing sector declined at the sharpest pace since the start of this year, as producers cut headcount. Output prices have fallen for six straight months due to intense market competition. In the auto industry, for example, an intensifying price war in China has stoked fears of a long-anticipated shake-out in the world's largest car market. Robin Xing, Chief China Economist at Morgan Stanley, said this underscores how supply-demand imbalances continue to fuel deflation. "There is growing rhetoric about the need for rebalancing, but recent developments suggest the old supply-driven model remains intact. Thus, reflation is likely to remain elusive." Surprisingly, export charges rose for the first time in nine months, marking the fastest growth since July 2024, as companies cited rising logistics costs and tariffs. Overall, business optimism improved in terms of future output, as they expect the trade environment to improve with market expansion.
Mint
18 minutes ago
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 3 June 2025
Buy or sell stocks: After opening lower in the early morning session, the Indian stock market showed resilience and demonstrated a sharp recovery on Monday. The Nifty 50 index successfully defended the previous swing low of 24 462 established on 22 May 2025 and closed with a marginal loss 24,716. The BSE Sensex went off 77 points and closed at 81,373. The Bank Nifty index added 153 points and ended at 55,903. Broader market indices continued their outperformance trajectory, with the Small Cap index surging over 1%, while Nifty Bank reclaimed the psychologically significant 55900 level. The mid and small-cap segments reinforced their relative strength, advancing 0.62% and 1.19%, respectively, demonstrating sustained investor appetite for these market segments. Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment will remain positive until the Nifty 50 index is above 24,500. The Prabhudas Lilladher expert said the key benchmark index is facing a hurdle at 25,000, and the 50-stock index may soon touch 25,500 once it breaks above 25,000 on a closing basis. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index, after witnessing a huge gap down opening in the morning session, recovered significantly as the day progressed and closed on a flat note with overall bias sustained and as mentioned earlier, a decisive breach above the 25,000 zone shall confirm a breakout with upside targets of 25,500 and 26,300 levels achievable in the coming days. At the same time, on the downside, the 24,500 zone is positioned as the important and strong support level which needs to be sustained to maintain the overall bias intact." "The Bank Nifty index, after a long period of the rangebound session, has indicated a breakout closing wise above the tough resistance hurdle of 55,800 zones to strengthen the trend and can anticipate a further rise in the coming days and can trigger fresh upside targets of 57,700 and 60,300. The near-term support shall be maintained near the 54,500 zone as mentioned earlier, which needs to be sustained as of now," said Parekh. Parekh said that immediate support for Nifty today is placed at 24,600, while the resistance is seen at 24,900. The Bank Nifty would have a daily range of 55,600 to 56,600. Regarding stocks to buy today, Vaishali Parekh recommended buying these three buy or sell stocks: United Spirits, Harrisons Malayalam, and Lupin. 1] United Spirits: Buy at ₹ 1551, Target ₹ 1650, Stop Loss ₹ 1520; 2] Harrisons Malayalam: Buy at ₹ 220, Target ₹ 240, Stop Loss ₹ 210; and 3] Lupin: Buy at ₹ 1463, Target ₹ 1510, Stop Loss ₹ 1440. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Deccan Herald
19 minutes ago
- Deccan Herald
IMF approves $1.5 billion, 2-year flexible line of credit for Costa Rica
IMF approves $1.5 billion, 2-year flexible line of credit for Costa Rica In a statement, the IMF said its Flexible Credit Line arrangements were reserved for countries with very strong policy frameworks and track records in economic performance. Reuters Last Updated : 03 June 2025, 01:33 IST Follow Us :
