Air India in talks with Airbus and Boeing to buy aircraft

"We are in deep discussion with Boeing, Airbus and engine manufacturers for a historic order of the latest generation aircraft that will power Air India's medium- and long-term growth," said Campbell Wilson, the airline's chief executive.

He added that the airline plans to expand its fleet and global network, aiming to increase its market share to 30% on both domestic and international routes over the next five years.