Washington: US Vice President Joe Biden called the deal, in which Air India would purchase 220 planes from Boeing for USD 34 billion, a "historic agreement." Air India also has the option to purchase 70 more aircraft, bringing the overall transaction value to USD 45.9 billion.
While announcing the Boeing-Air India deal on Tuesday, Vice President Joe Biden also stated that he was looking forward to strengthening ties between India and the United States alongside Prime Minister Narendra Modi.
The White House has announced that Boeing and Air India have signed an agreement for the purchase of 220 aircraft, with the airline purchasing 190 B737 MAX, 20 B787, and 10 B777X for a total of USD 34 billion at list price.—Inputs from Agencies