AI signs $7954.54 M deal with Boeing

By agencies   |   Thursday, 12 January 2006, 20:30 IST
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MUMBAI: National carrier Air-India (AI) signed a landmark agreement with the U.S. aerospace firm Boeing commercial airplane for purchase of 68 aircraft at an estimated cost of $7954.54 million. The agreement was signed between Air-India’s Chairman, V Thulasidas and President and CEO of Boeing Commercial Airplane, Alan Mulally. Air India’s order consists of 23 Boeing 777s and 27 Boeing 787-800 dream liners, AI sources said. Air-India Express, a wholly owned subsidiary of Air India will receive 18 Boeing 737-800s, it added. The move follows the decision of empowered group of ministers to clear the Air-India’s proposal of aircraft purchase, the largest ever by an Indian carrier, after securing a financial discount of about $227.27 million.