Air India: Finalization for the first half of a historic order!

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NEW DELHI (Reuters) – Air India, owned by Indian conglomerate Tata Group, reportedly finalized half of an order for some 495 jets from Boeing and engine suppliers General Electric and CFM International on Friday, as its new owner seeks to revive the airline’s activity, according to industry sources.

After months of negotiations, the order from Boeing is for 190 narrow-body 737 MAX planes, 20 wide-body 787 planes and 10 long-range 777X planes, two sources told Reuters.

The second half of the order, which industry sources say includes 235 single-aisle jets and around 40 Airbus A350 widebodies, is expected to be officially completed in the coming days.

Senior Boeing officials, including Stanley Deal, chief executive of Boeing Commercial Airplanes, as well as executives from General Electric and CFM are expected in India to sign the agreement on Friday.

The announcement of the contracts, the date of which is not known, could take place during the Aero India air show, a type of event during which contracts are announced.

Boeing, Airbus and CGM partners General Electic and Safran declined to comment.

Air India did not respond to a request for comment, although in a memo to employees Friday on the first anniversary of Tata’s takeover, the airline said it was “finalizing a landmark order new aircraft to contribute to its future growth”.

Reuters released data last month that Air India was close to securing a deal for at least 500 planes.

(With contributions from Tim Hepher; French version Lina Golovnya, editing by Kate Entringer)

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