Boeing Bonanza: Air India Agrees To Buy Up To $46 Billion Worth Of Jets

Boeing Bonanza: Air India Agrees To Buy Up To $46 Billion Worth Of Jets

President Joe Biden announced that Air India has agreed to purchase 220 Boeing jets valued at $34 billion, with an option for an additional 50 Boeing 737 MAXs and 20 Boeing 787s, totaling 290 airplanes for a total of $45.9 billion at list price.

The jumbo deal is Boeing’s third biggest sale of all time in dollar value and second of all time in quantity.

The deal, first reported by Reuters in December, was not announced officially by the Biden administration until Tuesday, following last month’s inaugural launch of the U.S.-India initiative on Critical and Emerging Technology (iCET) to expand the cooperation between the governments, businesses, and universities of the two countries.