Tatas are all set to expand the fleet. They are adding around five hundred flights to Air India which was taken over by them in recent times.
Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group conglomerate, industry .
The orders include as many as 400 narrow-body jets and 100 or more wide-bodies, including dozens of Airbus A350s and Boeing 787s and 777s, they said.
The deal is already finalized and it will be announced soon.
Even after significant expected discounts, the deal would be worth tens of billions of dollars and cap a volatile year for plane giants whose jets are again in demand after the pandemic, but who face mounting industrial and environmental pressures.
The idea is to compete with other small players who are providing flight services at cheaper rates. With the increase in flight numbers, Air India will be in a position to compete with other players and capture teh market in a big way.
