Air India Said Talking to Airbus for $1.5 Billion Jet Order
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Air India Ltd., the state-owned carrier, is in talks with Airbus Group NV to order single-aisle jets worth $1.5 billion at list prices, according to a person with direct knowledge of the discussions.
The carrier wants to purchase at least 14 A320neo aircraft, according to the person, who asked not to be identified as the discussions are private. An A320neo costs $106.2 million at list prices, and buyers usually get a discount if they order planes in bulk. Air India will sell the new planes to lessors and then lease them back, the person said.