Air India, the flag-carrier airline of the Indian subcontinent, is closing in on a historic order for up to 500 jets according to international news p
Air India, the flag-carrier airline of the Indian subcontinent, is closing in on a historic order for up to 500 jets according to international news provider Reuters. This order constitutes one of the most significant and ambitious aircraft acquisitions in the airline’s long and storied history.
This potentially massive aircraft order comes as the Indian economy continues to boom and its airline sector continues to deliver record profits. Growing urban affluence, lower ticket prices and improved infrastructure are all contributing factors to traditional carriers such as Air India excelling in the current market.
Sources close to the deal have revealed that Air India has been in contact with multiple aircraft manufacturing giants including Boeing, Airbus, and ATR to fill an order that could potentially be worth over $50 billion. Such an acquisition would be a shot in the arm for the South Asian aviation industry and would serve to further cement Air India’s poisition as one of the region’s most notably commercial competitors.
At present, no formal announcements have been made regarding the details of the potential deal though it is believed that the order would consist of a mixture of larger and smaller plane models to adequately meet the transportation needs of Air India’s ever-growing fleet.
It has yet to be seen what this potential aircraft acquisition would mean for Air India’s already solidified market poisition, however it is clear that the company is looking to capitalize on the continued growth of the Indian economy and the increasing demand for domestic and international flights in the region. Whatever the outcome of the deal, it is clear that Air India is in a good position to contribute to further economic prosperity in South Asia.
Reuters Reveals Air India Nearing Historic Order of Up to 500 Jets
Air India is reportedly on the verge of signing a record-breaking deal to purchase up to 500 jets from Boeing and Airbus, according to Reuters. This marks one of the largest single commercial aviation purchases in history, and it’s estimated to be worth more than $18 billion.
The Indian airline intends to drastically expand its route network over the next couple of years, with plans to add at least five new routes each year for the next decade. The order will be split approximately 50/50 between the two aircraft manufacturers.
What This Means for Air India
If this order goes through, it will represent a major milestone for Air India which has been struggling for several years. The airline will be able to nearly double the size of its fleet and add more international routes, which will give the Indian aviation sector a much needed boost. This deal could provide a major income boost to a sector that is currently facing a downturn.
What This Means for Boeing and Airbus
This could be a major coup for both Boeing and Airbus as they compete for market share in the lucrative Indian aviation sector. The order would be a huge win for the US airliner, as India continues to move away from Airbus and toward Boeing in terms of major orders. This would also mark a major milestone as Air India will be the first airline to break the 500-jet mark with a single order.
- Air India is reportedly on the verge of signing a record-breaking deal to purchase up to 500 jets from Boeing and Airbus.
- This deal would be worth more than $18 billion.
- The order will be split approximately 50/50 between the two aircraft manufacturers.
- This could be a major win for both Boeing and Airbus, as they battle for market share in the Indian aviation industry.