Tata group to induct 250 aircraft from Airbus for Air India
1 year, 10 months ago

Tata group to induct 250 aircraft from Airbus for Air India

Live Mint  

The Tata Group has signed a letter of intent with Airbus to acquire 250 aircraft, including 40 wide-body planes, Tata Sons chairman N Chandrasekaran said on Tuesday. The virtual event was attended by Prime Minister Narendra Modi, French President Emmanuel Macron, Ratan Tata, Commerce Minister Piyush Goyal, Aviation Minister Jyotiraditya Scindia, Guillaume Faury, and Air India Chairman Campbell Wilson. Under the government-led divestment process, the Tata group acquired100% stake in full-service carrier Air India and 100% stake in its arm Air India Express in January 2022. In November, the Tata Group also announced that Vistara, a 51:49 joint venture between Tata Sons and Singapore Airlines, will be merged in Air India, with Singapore Airlines holding 25.1% of the merged entity. The group's total fleet size stands at 219, including AirAsia India with 28 planes, Vistara at 54 aircraft, and Air India Express at 24 jets.

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