Indian national carrier set to buy 500 jets from Boeing, Airbus: report

Web Desk 09:43 AM | 12 Dec, 2022
Indian national carrier set to buy 500 jets from Boeing, Airbus: report
Source: Air India/Facebook

NEW DELHI – Around a year after privatization, Air India is nearing a historic aircraft order for up to 500 new aircraft, in another bid to transform the largest international carrier in the South Asian country.

Reuters reported that the orders are expected to be placed with both Airbus and Boeing, as officials looking to add up to 400 narrow-body jets, and 100 or more wide-body jets.

The reports further mentioned that scores of Airbus A350s, Boeing 787s, and Boeing 777s will be included in the wide-body jets category while for narrow-body jets, the airline will acquire around 400 Boeing 737 MAX.

The massive aircraft order would cost tens of billions of dollars and is said to be the biggest aircraft order after the 460 jets sale that occurred a decade ago.

Meanwhile, Aerospace corporations and Boeing have not shared any update and Tata Group also remained tight-lipped about the purchase of the jets, the report said.

Indian conglomerate Tata Group first owned Air India initial in the 1930s, and after nationalization, the government purchased a majority stake in the carrier.

The development comes as Air India and Vistara will be merging, and Singapore Airlines will be taking quarter stakes in the airline.

Web Desk
Web Desk

Daily Pakistan Global Web Desk


KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 7, 2022 (Tuesday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 279 282
Euro EUR 296.67 297.26
UK Pound Sterling GBP 331.71 332.41
U.A.E Dirham AED 74.8 75.1
Saudi Riyal SAR 73.21 73.51
Australian Dollar AUD 190.31 192.72
Bahrain Dinar BHD 732.23 740.23
Canadian Dollar CAD 205.22 207.42
China Yuan CNY 40.72 41.12
Danish Krone DKK 39.92 40.32
Hong Kong Dollar HKD 35.08 35.43
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 900.32 909.32
Malaysian Ringgit MYR 64.65 65.25
New Zealand Dollar NZD 174.19 176.19
Norwegians Krone NOK 27.12 27.42
Omani Riyal OMR 715.11 723.11
Qatari Riyal ‎QAR 75.64 76.34
Singapore Dollar SGD 208.03 210.03
Swedish Korona SEK 26.1 26.4
Swiss Franc CHF 297.31 299.81
Thai Bhat THB 8.25 8.4

KARACHI – The gold price in Pakistan dropped by Rs4,300 per tola to reach Rs200,000 on Tuesday as it lost ground on second consecutive day after witnessing mostly bullish trend last week.

As per the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 10 grams of 24 carats gold decreased by Rs3,686 to settle at Rs171,468.

On Monday, the gold price witnessed a drop of Rs200 per tola to close at Rs204,300.

In the international market, the commodity dropped by $1 to reach $1,869 per ounce.

Meanwhile, silver prices in the domestic market slumped by Rs20 per tola and Rs17.14 per 10 grams to reach at Rs2,230 and Rs1,911, respectively.


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