Indian Prime Minister Narendra Modi held a telephonic conversation with US President Joe Biden on Tuesday and welcomed the landmark deal between Air India and Boeing as a “shining example of mutually beneficial co-operation”, as per media reports.

The deals for a record purchase of 470 jets from Airbus and Boeing were unveiled by Air India on Tuesday, accelerating the national emblem's rebirth under its new owners Tata Group as the United States and Europe appreciated the deepening political and economic ties with India.

The provisional deals include 250 planes from Airbus and 220 from Boeing, breaking previous records of any such deal by a single airline as Air India competes with domestic giant IndiGo to provide service to a nation that will soon become the largest population in the world.

ALSO READ | <a href="https://www.wionews.com/business-economy/air-india-signs-historic-deal-to-purchase-250-aircraft-from-airbus-its-first-purchase-order-in-17-years-561920">Air India signs 'historic' deal to purchase 250 aircraft from Airbus; its first purchase order in 17 years</a>

The agreement was called “historic” by Biden. Tata Chairman N Chandrasekaran said that the Airbus order includes 40 A350 widebody aircraft and 210 A320neo narrowbody planes which Air India will use to fly "ultra-long routes", said Tata Chairman N Chandrasekaran.

Boeing will provide 190 737 MAX, 10 mini-jumbo 777X and 20 of its 787 Dreamliners.

An Airbus executive said that along with another 25 Airbus jets which will be leased to meet immediate needs, the airline's overall acquisition will reach 495 jets.

WATCH | India: Air India seals order for 500 jets from Airbus, Boeing

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/india-air-india-seals-order-for-500-jets-from-airbus-boeing-560896/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The deal's political and economic importance, which involved the former flag bearer of India, was highlighted by Modi and French President Emmanuel Macron.

The order placed by Air India's order tops the combined deal of American Airlines which included 460 Airbus and Boeing planes, almost a decade ago.

British Prime Minister Rishi Sunak said that new jobs will be created by the deal between Air India, Airbus and Rolls-Royce.&nbsp;

(With inputs from agencies)

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Indian Prime Minister Narendra Modi held a telephonic conversation with US President Joe Biden on Tuesday and welcomed the landmark deal between Air India and Boeing as a “shining example of mutually beneficial co-operation”, as per media reports.

Indian Prime Minister Narendra Modi held a telephonic conversation with US President Joe Biden on Tuesday and welcomed the landmark deal between Air India and Boeing as a “shining example of mutually beneficial co-operation”, as per media reports. The deals for a record purchase of 470 jets from Airbus and Boeing were unveiled by Air India on Tuesday, accelerating the national emblem's rebirth under its new owners Tata Group as the United States and Europe appreciated the deepening political and economic ties with India. The provisional deals include 250 planes from Airbus and 220 from Boeing, breaking previous records of any such deal by a single airline as Air India competes with domestic giant IndiGo to provide service to a nation that will soon become the largest population in the world. ALSO READ | Air India signs 'historic' deal to purchase 250 aircraft from Airbus; its first purchase order in 17 years The agreement was called “historic” by Biden. Tata Chairman N Chandrasekaran said that the Airbus order includes 40 A350 widebody aircraft and 210 A320neo narrowbody planes which Air India will use to fly "ultra-long routes", said Tata Chairman N Chandrasekaran. Boeing will provide 190 737 MAX, 10 mini-jumbo 777X and 20 of its 787 Dreamliners. An Airbus executive said that along with another 25 Airbus jets which will be leased to meet immediate needs, the airline's overall acquisition will reach 495 jets. WATCH | India: Air India seals order for 500 jets from Airbus, Boeing The deal's political and economic importance, which involved the former flag bearer of India, was highlighted by Modi and French President Emmanuel Macron. The order placed by Air India's order tops the combined deal of American Airlines which included 460 Airbus and Boeing planes, almost a decade ago. British Prime Minister Rishi Sunak said that new jobs will be created by the deal between Air India, Airbus and Rolls-Royce. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE

PM Modi holds telephonic conversation with Joe Biden after Air India-Boeing deal

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PM Modi holds telephonic conversation with Joe Biden after Air India-Boeing deal