Air India-Boeing deal to strengthen ties between US and India
President Joe Biden has told Prime Minister Narendra Modi that the landmark Air India-Boeing deal will create up to 1 million jobs across 44 states in the US and will further deepen bilateral ties. Boeing and Air India signed a mega deal on Tuesday under which the Tata Group-owned airline will purchase three Boeing aircrafts purchase - 190 B737 MAX, 20 B787, and 10 B777X for a total of 220 firm orders 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 the list price.
While discussing the landmark deal with Prime Minister Modi, Biden said he was looking forward to deepening the ties between India and the US. US President Joe Biden’s statement acknowledges the strength of the commercial relationship as he called it a “historic agreement” between the two companies, he said, adding this also blends in with his State of the Union speech, where he wanted to bring back manufacturing to America.
“This is one of the largest purchases in commercial aviation history and a testimony to the strength of the US-India commercial partnership,” Mukesh Aghi, president of the US-India Strategic and Partnership Forum said.
The Air India order is Boeing's third biggest sale ever in dollar value and second in terms of the number of planes.
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