British premier hails ‘landmark’ Airbus, Rolls-Royce deal to supply aircraft to Air India

The British prime minister hailed a "landmark" deal involving Airbus and Rolls-Royce to supply new aircraft to Air India worth billions of pounds to the economy.

"This is one of the biggest export deals to India in decades and a huge win for the UK's aerospace sector. With wings from Broughton and engines from Derby, this deal will support jobs around the country and help deliver one of our five priorities – growing the economy," Rishi Sunak wrote on Twitter and said it will boost economic ties with India.

A majority of the manufacturing process for the aircraft is projected to occur in the UK.

The Department for Business and Trade (DBT) said the wings, designed by Airbus at Filton near Bristol, will be assembled at the company's Broughton site in North Wales, which is expected to bring an additional 450 manufacturing jobs and more than £100 million ($121 million) of investment to Wales.

Sunak said in a statement that the deal "demonstrates that the sky’s the limit for the UK’s thriving aerospace sector."

By creating better-paying jobs and new opportunities in manufacturing hubs from Derby to Wales, the deal “will help to deliver on my five priorities for the country," he said.

Business and Trade Secretary Kemi Badenoch said it is a "significant win for the UK’s world-leading aerospace sector."

"It’s a shot in the arm for UK exports as we aim to sell £1 trillion of goods and services a year to the world by the end of the decade. We’re currently negotiating a trade deal with India which could boost trade by up to £28 billion a year by 2035," she added.

Source: Anadolu Agency