Air India in talks for dozens of new widebody jets from Airbus, Boeing

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Air India in talks for dozens of new widebody jets from Airbus, Boeing - Business Standard

Quick Summary:

Air India's turnaround efforts under Tata are being closely watched by investors, manufacturers and lessors after decades of decay under state ownership, but are being hindered by aircraft delivery delays.

The resulting delays have forced the airline to keep using some older aircraft and extended Tata's five-year transformation plan for Air India.

It also comes as airlines are rushing to get in line for limited production slots of widebody jets after a run on supplies of smaller workhorse narrowbody jets from fast-growing airlines like India's largest carrier IndiGo.