Air India seeks to re-invent itself with orders of 470 aircrafts from Boeing, Airbus

Air India has announced orders for 470 Boeing and Airbus passenger jets. It is buying 220 Boeing aircraft valued at $34bn and 250 passenger jets from Airbus. Air India is seeking to reinvent itself by expanding its operations and modernising its fleet to tap surging demand for affordable air travel. India is going to be the world’s third-largest market in the aviation sector,” Modi said, adding that over the next 15 years, it is estimated India will need more than 2,000 aircraft.