 "Air India, AI")
Air India's order for 470 aircraft from Airbus and Boeing will be worth $70 billion, the company's Chief Executive Officer (CEO) Campbell Wilson said on Monday. While addressing a virtual conference, he added that the process of integration of Vistara with Air India is underway and is now awaiting approval from regulatory bodies.
Wilson said that the airline plans to fund the order with a combination of many resources, including internal cash flow, shareholder equity and sale-and-leaseback of aircraft.
New aircraft will start entering the fleet from the end of this year through the end of the decade, to both
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