Air India has recently made headlines by finalizing agreements to procure a staggering total of 470 airplanes from two major aircraft manufacturers, Airbus and Boeing. This monumental deal, valued at an impressive $70 billion based on list prices, has catapulted Air India into the spotlight as a key player in the realm of civil aviation.
N. Chandrasekaran, the Chairman of Tata Sons and Air India, highlighted the transformative nature of this milestone, emphasizing how it sets the stage for Air India to excel and lead in the global aviation landscape. To support its expanding fleet, Air India will benefit from a comprehensive suite of solutions provided by Satair, an Airbus subsidiary, and Boeing Global Services. These solutions encompass a wide range of services including parts and maintenance supply, digital innovations, and customization services tailored to enhance Air India's operational efficiency.
As part of its visionary fleet rejuvenation and expansion strategy, Air India is geared towards operating a fleet of state-of-the-art, fuel-efficient aircraft across its extensive route network within the next five years. Campbell Wilson, the CEO & MD of Air India, expressed his pride in the collaborative efforts with their partners to establish a revitalized global airline that embodies India's growing presence and influence on the international stage.
The delivery timeline for the aircraft order is set to unfold gradually, with the initial batch of A350s expected to be handed over later this year, and the majority of the order scheduled for delivery starting from mid-2025. In anticipation of this significant fleet expansion, Air India has already begun receiving 11 leased Boeing 777s and 25 Airbus A320s, signaling a proactive approach to accelerating its fleet and expanding its operational footprint.
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