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Find out what's in store for the airline industry following the news of the Air India-Boeing deal.
Boeing is a significant employer in several states and one of the biggest exporters in the US.
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In a phone call with Indian Prime Minister Narendra Modi, US President Joe Biden shared that the Boeing-Air India deal would generate up to a million jobs across 44 US states.
Photo Credit: Narendra Modi Instagram
Air India will purchase 190 B737 MAX, 20 B787, and 10 B777X aircraft as part of the agreement, for a total of 220 firm orders worth $34 billion at the list price.
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The deal includes options for a further 50 Boeing 737 MAX and 20 Boeing 787 aircraft, for a total of 290 aircraft valued at $45.9 billion at the list price.
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In his enthusiastic reaction to the agreement, Biden said that he and Modi were looking forward to strengthening ties between the US and India.
Photo Credit: Joe Biden Instagram
The US President stated that the deal would support over a million American jobs, many of which would not demand a four-year college degree.
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The deal is anticipated to support jobs nationwide, including those in the manufacturing and supply chain sectors.
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This deal is seen as a vote of confidence for Air India, which has been experiencing financial difficulties lately. It is a good thing for the Indian aviation sector as a whole.
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