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Tatas may finalise deal to buy wide-body aircraft for Air India next year

The new owner of the airline is considering various factors, including the efficiency of its existing fleet and a possible merger with Vistara, before deciding on purchasing new planes

March 28, 2022 / 06:12 PM IST
The Tata Group acquired Air India back from the government with a winning bid of Rs 18,000 crore

The Tata Group acquired Air India back from the government with a winning bid of Rs 18,000 crore

The Tata Group will likely finalise a deal to buy additional wide-body aircraft for Air India’s long-haul international operations next year, people familiar with the plans told Moneycontrol.

“Discussions are ongoing with both Airbus and Boeing but the priority at the moment is to restart international operations, maximise utilisation of the current fleet and appoint a new CEO and managing director for Air India before taking a call on new aircraft,” one person said.

The new owner of Air India is also looking to test the efficiency of the carrier’s current wide-body fleet, which comprises mainly Boeing 747, Boeing 777 and Boeing 787 planes, before ordering new jets, the person said.

“The biggest priority for Air India at the moment is finalising a new management, especially a new CEO and MD. Once a new CEO and MD is appointed, his inputs will also be a key factor in finalising a deal,” another person said.