Tuesday, February 14, 2023

Air India-Boeing deal to create 1 million jobs in the US President Biden tells PM Modi

Washington: The "landmark" Air India-Boeing deal will create up to 1 million jobs across 44 states in the US, President Joe Biden told Prime Minister Narendra Modi in a call on Tuesday.

     While announcing the Boeing-Air India deal on Tuesday, Biden asserted that together with Prime Minister Modi, he was looking forward to deepen the ties between India and the US.

     As per an announcement from the White House, Boeing and Air India have reached an agreement under which the airline will purchase 190 B737 MAX, 20 B787, and 10 B777X for a total of 220 firm order valued at USD 34 billion at list price.

     The deal will also include customer options for an additional 50 Boeing 737 MAX and 20 Boeing 787, totalling 290 airplanes for a total of USD 45.9 billion at list price.

     Biden spoke with Modi of India to discuss the "landmark" agreement.

     This purchase will support over one million American jobs across 44 states, and many will not require a four-year college degree, Biden said in the call.

     The Air India order is Boeing's third biggest sale ever in dollar value and second in terms of number of planes.

     During the call, the two leaders also reaffirmed the strength of the US-India relationship and committed to continue working together and in groups like the Quad to advance economic growth for our two countries and expand cooperation on our shared priorities.

14/02/23 PTI/The Week

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