Air India and Boeing have formally announced an order agreement for 68 airplanes, valued at more than $11 billion at list prices and scheduled to begin deliveries in November 2006.
The order consists of 23 777s, including eight 777-200LR (Longer Range) Worldliners and 15 777-300ERs (Extended Range), and 27 787-8 Dreamliners. Air India Express, a wholly-owned subsidiary of Air India, will receive 18 Next-Generation 737-800s.
According to Boeing Commercial Airplanes President and CEO Alan Mulally, “Boeing’s commitment to the Indian aviation industry dates back more than 60 years. Air India is a valued and long-time partner, and we look forward to working closely with this great airline as it expands its operations with its all-Boeing fleet and brings its unique offerings to the world.”
Currently Air India operates a fleet of 11 747-400s, two 747-400 Combis, two 747-200s, two 747-300 Combis, three 777-200ERs and 21 Airbus 310-300s.
In addition, Boeing has also announced that is has committed to investing in a regional maintenance, repair and overhaul base, and a pilot training facility in India. Details of this effort are to be finalized over the coming months.