Mega Deal Sealed : Air India To Purchase 220 Boeing Planes For $34 Billion Dollars ; US President Joe Biden Says Historic Agreement

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Air India will purchase 220 planes from Boeing for $34 billion, with an option to buy 70 more aircraft that could take the total transaction value to $45.9 billion, a deal that US President Joe Biden described as a “historic agreement”.

While announcing the Boeing-Air India deal on Tuesday, Biden also asserted that together with Prime Minister Narendra Modi, he was looking forward to deepen the ties between India and the US.

As per an announcement from the White House, Boeing and Air India have reached an agreement under which the airline will purchase 190 B737 MAX, 20 B787, and 10 B777X for a total of 220 firm order valued at $34 billion at list price.

The deal will also include customer options for an additional 50 Boeing 737 MAX and 20 Boeing 787, totalling 290 airplanes for a total of $45.9 billion at list price.

“I am proud to announce today the purchase of over 200 American-made aircraft through a historic agreement between Air India and Boeing,” Biden said.

The Air India order is Boeing’s third biggest sale ever in dollar value and second in terms of number of planes.