Air India mega deal after 17 years tata group big plan for airline company read details stock – Business News India

read on the appAir India Mega Deal: The day of October 8, 2021 was very special for the Tata Group. On this day, Tata Group's holding company Tales Pvt Ltd won the bid to acquire

debt-ridden Air India. Since then it was expected that the face of Air India would change. However, for this the Tata group has started taking its steps. In this series, Air India

has announced to buy a total of 470 large and small size aircraft from Airbus and Boeing. This also includes the order of 220 aircraft from the US company Boeing. According to US

President Joe Biden, the deal between Air India and Boeing will generate one million jobs. At the same time, UK company Rolls-Royce will have a big role in Air India's deal with

Airbus. Actually, the engine that will be used in the Airbus aircraft will be made by Rolls-Royce. Shares became cheaper by 74%, so investors broke down to buy, now the price is

rising every day, the stock is ₹ 26 Know how many aircraft will the company buy?The Tata Group-owned airline will buy 40 widebody Airbus A350 and 10 Boeing 777-9

aircraft from Airbus. Apart from this, it will buy 210 small size Airbus A320/321 Neo and 190 Boeing 737 Max aircraft. According to Air India, the first new aircraft will enter

service by the end of 2023. Apart from this, other aircraft will be available by 2025. Airbus currently has 470 commercial aircraft in operation in India. After the new order from

Air India, Airbus has ordered a total of 850 aircraft in India. First order since 2005This is the first time in 17 years that Air India is going to place orders for purchase of

aircraft. At the same time, this will be Air India's first order after coming under the ownership of the Tata group. Let us tell you that in the year 2005, while being under the

government, 111 aircraft were ordered. At the same time, in this order given 17 years ago, 68 Boeing and 43 Airbus aircraft were purchased. What is the airline's plan?Recently Air

India has announced a comprehensive plan named Vihaan.AI. Through this, a blueprint has been prepared for a complete turnaround of the airline in the next five years, with an

emphasis on both domestic and foreign markets. At the same time, in the next five years, Air India will try to increase its market share to at least 30 percent in the Indian

market. Air India's domestic market share stood at 8.4 per cent in July, according to data from the Directorate General of Civil Aviation. This Tata scrip turns 1 lakh into

₹12.63 crore after 1 bonus share and stock split Airline facing shortage of crew membersIt is also important that Air India is also facing the shortage of crew