India OKs Boeing purchase

Dec. 16, 2005 at 12:52 PM

NEW DELHI, Dec. 16 (UPI) -- India's Cabinet approved the purchase of 68 Boeing aircraft, the semi-official Press Trust of India reported.

"In principle approval has been given subject to final price negotiations by an empowered group of ministers," Civil Aviation Minister Praful Patel said after a cabinet meeting, according to PTI Thursday.

The deal is believed to be worth $8 billion.

The aircraft include 50 long-range jets for Air India - eight 777-200LRs, 15 777-300ERs and 27 of the future 787 Dreamliners -- and 18 737-800s for the low-cost Air India Express.

Delivery of the aircraft starts in 2006 and will last 10 years.

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