NEW DELHI, INDIATata Sons, the new owner of debt-laden Air India is reportedly in talks with Boeing and Airbus for new aircraft orders to renew the airline's outdated fleet.

The anonymous sources who spoke to the Bloomberg news agency said the A350-900s and B787-9 Dreamliners are in the center of the private negotiations with Boeing and Airbus.

No decisions taken yet as the talks are at a preliminary stage, the same sources said.

Last month, Tata Group acquired Air India for $2.4 billion. The renewal of Air India's fleet is crucial for Tata as the airline faces stiff competition from foreign airlines with non-stop services to and from India.

“We will address it with utmost urgency. We’ll upgrade our fleet, we’ll bring modernity in our fleet, we’ll bring a new fleet,” Chandrasekaran, chairman of the Tata Group, said.

Air India will increase the number of its both widebody and narrowbody aircraft and will move to do that with speed in the coming months, Chandrasekaran also quoted.

Air India currently has 153 aircraft in its fleet, including 49 widebody jets and 104 narrowbody jets from both Boeing and Airbus.