Air India buys 540 planes, in biggest ever deal

Air India Ltd on Monday made aviation history with the biggest aircraft order ever, agreeing to purchase a total of 540 aircraft from Boeing and Airbus that will help the Tata Group airline expand its horizons in India and abroad.

The purchase of short- and long-haul aircraft is estimated to cost Air India a whopping $82 billion according to the list price, though the actual cost would be lower since bulk orders come with discounts and incentives.

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