Boeing And Airbus’ Record Air India Order Hinges On High-Stakes Turnaround Of A Basket-Case Airline

For the last few decades, India’s rapidly growing economy and population have lured multiple startup airlines to their doom. Now the giant conglomerate Tata Group is making an expensive bet that the long-shimmering potential of air travel in the world’s second-most-populous country can be turned into profits.

After buying loss-ridden flag carrier Air India last year from the government for $2.4 billion, Mumbai-based Tata unveiled deals Tuesday to buy 250 planes from Airbus and 220 from Boeing BA . It’s the largest airliner order in history, topping the 460 jets American Airlines committed to buy in 2011. Pricing was not announced, but even with

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