Air India signs pacts to purchase 470 aircraft

Air India signs pacts to purchase 470 aircraft

Air India today signed agreements to buy 470 aircraft from Airbus and Boeing on the sidelines of the Paris Air Show. It had announced to acquire these planes in February.

It also announced that the acquisition would cost $70 billion (based on list prices). Earlier, reports had suggested that the purchase would cost the Tatas over $100 billion.