Tata Group-owned Air India Ltd. is close to signing a deal with Boeing Co. to buy up to 150 737 Max planes, marking the first major aircraft order after the carrier’s privatization, the Economic Times reported, citing people it did not identify.
Air India is likely to place a firm order for 50 737 Max jets with an option to acquire as many as 150, the newspaper reported. Tata formally took charge of debt-laden Air India earlier this year.
A Boeing spokesperson declined to comment to Economic Times. Air India did not immediately respond to a request for comment outside office hours.
