Tata-group owned Air India on Tuesday announced that it will purchase 250 aircraft from Airbus. The deal which is worth more than $50 million is reportedly Air India's first aircraft purchase in around 17 years and is also the first order under the ownership of Tata Group.

Air India signs 'historic' deal to purchase 250 aircraft from Airbus; its first purchase order in 17 years

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Air India signs 'historic' deal to purchase 250 aircraft from Airbus; its first purchase order in 17 years