Air India close to signing deal for 150 Boeing 737 Max jets

Air India close to signing deal for 150 Boeing 737 Max jets

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The Economic Times newspaper on Saturday quoted sources as saying that Air India is close to signing an order with Boeing Co to acquire up to 150 737 Max jets.

The Tata Group-owned Indian carrier will likely place a firm order for 50 737 Max aircraft, with an option to take up to 150 more, the ET report said.

Industry sources said in July that Air India was nearing a decision on a $50 billion mega order, comprising 300 narrowbody and 70 widebody jets, at listed prices between Airbus and Boeing.

The reported order would be a win for Boeing, which has said it is looking to boost its capacity in India to keep pace with growing demand in the world’s fastest-growing major aviation market.

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