Massive Deals with Boeing and Airbus Pending
In October 2022, India’s national air-carrier, Air India, was acquired by the Tata Group—a Mumbai-based Indian multinational conglomerate comprising 29 discrete, publicly-listed companies with a combined market capitalization of $311-billion. On 27 January 2023, for purpose of furthering the Tata Group’s aspiration to restore the airline’s reputation in India and overseas, Air India moved to finalize an agreement that would see its fleet revitalized with up to 495 new airliners.