Qatar Airways and Airbus announced a “amicable and mutually accepted settlement” to a two-year-old dispute over the A350 aircraft, ahead of a court action scheduled to begin in the High Court in London in the coming months.
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IndiGo is in talks with Airbus to purchase “several hundred aircrafts,” according to comments made by French Finance Minister Bruno Le Maire in comments published by Les Echos on Thursday.
Tata-owned Air India and aircraft manufacturers Boeing and Airbus will directly and indirectly create over 200,000 employment in India.
IndiGo has around 500 planes on order and expects to receive around 40 of them by 2023, according to CEO Peter Elbers.
Airbus, the largest manufacturer of aircraft, yielded to supply pressure from industry and halted the ramp-up of production for its best-selling A320neo-family jet and set a delivery target for 2023.
The Tata Group will purchase 470 aircraft from Airbus and Boeing in an effort to upgrade the Air India fleet and revive the struggling airline.
Aero India 2023, Asia’s largest aero exhibition, begins today in Bengaluru with the goal of showcasing India’s expansion in aerospace and defence capabilities. The air show, which runs through Friday, was inaugurated by Prime Minister Narendra Modi.
Air India has finalised an order for about 250 aircraft with Airbus, and the deal is expected to be revealed next week.
Indian airlines are anticipated to order between 1500 and 1700 aircraft, Over the next two years, according to aviation consulting group Centre for Aviation CAPA India. Over 700 commercial aircraft are already in use by Indian carriers, and fewer than 800 more are ordered.
Airbus to hold a public ‘meet-and-greet’ event targeted at hiring engineering and information technology (IT) expertise at the Aero India air show in Bengaluru on two days beginning February 16.