A turnaround of India’s flag carrier Air India Ltd. could place the country on the global aviation map.
The beleaguered airline just kick-started the process with a historic aircraft order.
Last week, Air India ordered 470 jets from aircraft giants Boeing Co. and Airbus, marking the largest deal for commercial aircraft in aviation history.
The airline also has an option of ordering an additional 370 planes in the future.
The deal comes a year after the government sold the airline back to Tata Group after almost 70 years of public ownership, which were often characterized by mismanagement and financial troubles.
Read more: https://www.wsj.com/articles/india-signals-its-arrival-as-a-force-in-aviation-29bcf992 (WSJ)