Core Viewpoint - Tata Group's Air India is negotiating a significant new aircraft order, potentially including around 200 additional single-aisle planes, as part of a multi-billion-dollar modernization effort following a record order in 2023 [1][5][6] Group 1: Aircraft Orders - Air India previously placed a record order for 470 planes from both Boeing and Airbus in 2023, along with an additional 100 Airbus jets the previous year [5][9] - The ongoing discussions may involve hundreds of aircraft across various sizes, expanding on earlier talks for large wide-body aircraft [1][6] Group 2: Market Context - The global aviation market is experiencing rapid growth, with India's aviation sector expanding at approximately 7% annually, although infrastructure challenges persist [8] - The International Air Transport Association indicated that Indian airlines are expected to show continued growth, despite facing high fuel costs and taxes [8] Group 3: Competitive Landscape - Boeing is reportedly in a strong position to sell more of its 777X jets in the ongoing negotiations [2] - Air India's modernization plan aims to regain market share lost to competitors, particularly in light of the successful strategies employed by India's largest carrier, IndiGo [6][7]