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

Air India's latest deal to buy 470 aircraft from Boeing and Airbus will cost the company a whooping $70 billion

During a press conference on Monday, CEO Campbell Wilson announced that Air India will employ multiple sources to pay for the new aircraft

spills the tea

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

Currently, Air India has around 140 aircraft in its fleet, of which some are on lease

Earlier this month Air India announced that it would be adding 470 aircraft to its fleet, 220 from Boeing and 250 from Airbus

Air India's 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

the Air India fleet

Last week, the airline announced that they would be hiring over 5000 pilots and cabin crew members

workforce

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

Tata group plans on creating one full-service airline and one low-cost airline, Wilson said

its airlines

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