Air India has solidified its position in the global aviation market with the finalization of an unprecedented deal for 470 aircraft from industry giants Airbus and Boeing, Reuters reported. The finalized contract not only boosts Air India's standing in the aerospace industry but also underlines India's robust demand for air travel, driven by a rapidly growing population. Air India's Landmark DealAir India has officially converted its preliminary agreement into a firm order, securing its place in the aerospace industry's order backlogs. The finalized contract entails Air India's acquisition of 250 planes from Airbus and 220 from Boeing. Other Notable OrdersIn addition to Air India's historic deal, other significant orders were announced at the Paris Airshow.

Source: Ethiopian News June 21, 2023 13:15 UTC