Air India and Airbus Sign Deal to Boost UK Exports and Job Creation, says Rishi Sunak

The Air India-Airbus deal for 250 aircraft was welcomed by British Prime Minister Rishi Sunak on Tuesday. He said the deal would help create new highly skilled jobs in the UK and boost exports.

Under the contract, Air India will procure 40 A350 widebody aircraft and 210 A320 narrowbody aircraft. The aircraft’s wings and engines will be assembled or manufactured in the UK, which is expected to create hundreds of jobs and lead to significant investment.

The UK High Commissioner’s Office said in a statement that “a significant part of the manufacturing process for the new aircraft is expected to take place in the UK” and that the deal is worth billions of pounds to the UK.

The wing will be designed in Filton and assembled in Broughton, which is expected to create 450 manufacturing jobs and an investment of over £100m in Wales.

The A350 aircraft is powered by Rolls-Royce XWB engines assembled and tested in Derby.

Sunak said the “landmark deal” will create “better paying jobs and new opportunities in manufacturing hubs from Derby to Wales”, helping the UK “grow our economy and advance our agenda”.

“The UK is already a prime investment destination and building trade links with growing economies like India will ensure UK businesses remain at the forefront of global growth and innovation,” he added.

UK Trade Minister Kemi Badenoch also welcomed the deal, saying: A closer trading relationship.”

The deal will help secure thousands of highly skilled jobs and is an opportunity for UK exports, Badenoch said.

The statement described India as a major economic powerhouse projected to become the world’s third-largest economy with 2.5 billion middle-class consumers by 2050. During 2021, the UK’s aerospace sector added £10.6 billion to the UK economy and directly employed 111,000 people. highly skilled people.

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