Air India deal with Boeing, Airbus for $70 billion, here is how they will finance it

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Air India deal- the numbers

Air India's latest deal to buy 470 aircraft from Boeing and Airbus will cost the company a whooping $70 billion [{ "selector": ".anmof-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-349.0001331676135px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }, { "selector": ".nipfe-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

CEO Campbell Wilson
spills the tea

During a press conference on Monday, CEO Campbell Wilson announced that Air India will employ multiple sources to pay for the new aircraft [{ "selector": ".nwgfj-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 479px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".rqpkz-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Bringing the big bucks

Wilson announced that Air India would use a mix of "internal cash flow, equity, and the sale and leaseback of aircraft" to finance the deal [{ "selector": ".nwsni-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 470px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".ibcxn-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Air India's current fleet

Currently, Air India has around 140 aircraft in its fleet, of which some are on lease [{ "selector": ".bcdds-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 508px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".tilla-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

New additions to
Air India's fleet

Earlier this month Air India announced that it would be adding 470 aircraft to its fleet, 220 from Boeing and 250 from Airbus [{ "selector": ".tszxz-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 479px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".aodwc-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Future plans of expanding
the Air India fleet

Air India CCO Nipun Aggarwal announced that the deal with the aircraft manufacturers includes 370 options apart from an order of 470 planes. This means the airline could buy 370 additional aircraft at the same price at which it bought the first set of 470 aircraft [{ "selector": ".dbbzs-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 412px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".gtuqg-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Plans of expanding
workforce

Last week, the airline announced that they would be hiring over 5000 pilots and cabin crew members [{ "selector": ".nitum-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 492px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".mebtb-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Air India- Vistara merger

Air India's CEO also announced that their merger with Vistara is in the first phase. The next phase would be DGCA's approval followed by CCI's approval [{ "selector": ".qgnzq-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 471px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".nprer-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Tata group's vision for
its airlines

Tata group plans on creating one full-service airline and one low-cost airline, Wilson said [{ "selector": ".rstcx-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 491px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".locts-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

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Air India deal with Boeing, Airbus for $70 billion, here is how they will finance it

Air India deal- the numbers

CEO Campbell Wilson
spills the tea

Bringing the big bucks

Air India's current fleet

New additions to
Air India's fleet

Future plans of expanding
the Air India fleet

Plans of expanding
workforce

Air India- Vistara merger

Tata group's vision for
its airlines

Akshay Kumar's Selfiee tanks at the box office, other disappointing films of the actor

Written by: Aakanksha Ram Chaturvedi
Designed by: Mohsin

Next Visual Story

Air India deal with Boeing, Airbus for $70 billion, here is how they will finance it

Air India deal- the numbers

CEO Campbell Wilson spills the tea

Bringing the big bucks

Air India's current fleet

New additions to Air India's fleet

Future plans of expanding the Air India fleet

Plans of expanding workforce

Air India- Vistara merger

Tata group's vision for its airlines

Akshay Kumar's Selfiee tanks at the box office, other disappointing films of the actor

Written by: Aakanksha Ram ChaturvediDesigned by: Mohsin

Next Visual Story

CEO Campbell Wilson
spills the tea

New additions to
Air India's fleet

Future plans of expanding
the Air India fleet

Plans of expanding
workforce

Tata group's vision for
its airlines

Written by: Aakanksha Ram Chaturvedi
Designed by: Mohsin