Deals involving billions of dollars between Air India and the US and France’s Airbus and Boeing were supported by UK Prime Minister Rishi Sunak, US President Joe Biden, and French President Emmanuel Macron. Sunak was pleased with the agreement for Air India to receive new aircraft from Airbus and Rolls-Royce.
This historic agreement between Air India, Airbus, and Rolls-Royce shows that the UK’s growing aerospace industry has no boundaries, according to Sunak. Sunak pointed out that Rolls-XWB Royce’s engines will power the A350 aircraft, and Airbus will produce the wings in the UK.
He noted that the agreement will increase employment in the UK’s aerospace industry, which will have around 1,11,000 workers by 2021. According to the UK Prime Minister, “export wins like this are a major boost to the UK trade-a critical way we can build our economy” because India is expected to have the third-largest economy in the world by 2050.
As India and the UK are negotiating a free trade agreement, UK Business and Trade Secretary Kemi Badenoch stated the accord is a boost for UK exporters (FTA).
It’s a boost for UK exports, according to Badenoch, as we aim to sell 1 trillion pounds worth of products and services annually to the rest of the globe by the end of the decade. A trade agreement that we’re now discussing with India might increase trade by up to 28 billion pounds annually by 2035. Such export successes are a significant step towards deeper trade ties between our two countries.
The world’s largest aircraft order was the topic of a conversation between Prime Minister Narendra Modi and US President Joe Biden and French President Emmanuel Macron. Over 200 Boeing aircraft will be sold, supporting over a million jobs in the US and assisting Air India in meeting its transportation needs, President Biden stated.
“This news also highlights the strength of the US-India economic alliance,” the press statement continued. As we continue to address common global concerns and work to build a more secure and prosperous future for all of our citizens, I look forward to furthering my cooperation with Prime Minister Modi.
The Air India-Airbus pact, according to French President Emmanuel Macron, “marks a new stage in India and France’s strategic alliance.” In a tweet, Macron said, “The agreement between Airbus and Tata Sons this morning marks a new phase in the strategic alliance between France and India. I appreciate Narendra Modi’s support of France and our sector.
Tata Group-owned Air India announced the world’s largest order for passenger aircraft totalling 470 aircraft from Boeing and Airbus. The deal comprises new and next-generation 210 Airbus A320/321 Neo, 190 Boeing 737 MAX single-aisle aircraft, 40 Airbus 350, 20 Boeing 787, and 10 Boeing 777-9s.