Air India is ready to fly all over the world! Ordered 500 aircraft
New Delhi, India – Air India is getting ready to fly all over the world. As part of this, Air India is planning to order over 500 jetliners from companies such as Airbus and Boeing.
It is reported that the agreement regarding this is being completed. Company sources reveal that the deal includes 400 narrow-body jets and 100 wide-body jets of the Airbus A350, Boeing 787, and 777. However, neither Tata Group nor Air India have issued an official statement on the matter. In January of this year, Tata Group acquired Air India. This is the biggest order since then. Air India’s move is intended to strengthen its domestic and global presence.
Experts have warned that Air India’s bid for global dominance may face a number of challenges. They point to weak domestic infrastructure, shortage of pilots and stiff competition from other carriers including the already established Gulf.
The aim is to dominate both the domestic and international arenas.
According to reports, the Tata Group intends to reclaim a significant share of traffic to and from India. Currently, foreign airlines such as Emirates dominate the sector. It is also seen as the beginning of a war with domestic and international rival IndiGo.
India is the fastest-growing airline market in the world. India’s skies will expand with 500 new jets. Air travel is expected to become more affordable and convenient for Indians.
Air India Express and AirAsia India already serve the group with low-cost flights.
Biggest deal in history.
This is believed to be the largest deal in the history of a single airline. It is estimated that it will cost $100 billion. This advance by Air India is overturning the order of American Airlines, which bought 460 Airbus and Boeing jets together.
The strength provided by the merger.
The news of the order comes after Tata announced the merger of Air India and Vistara. As a result, Air India became the country’s largest international airline. The Vistara merger provided the company with 218 aircraft. However, it continues to lag behind Indigo in the domestic market. This is also believed to be part of the effort to overcome it.
On November 29, SIA and Tata Sons announced their merger. As part of this deal, Vistara has invested Rs 2,058.5 crore in Air India. With this, SIA will get 25.1 percent stake in the company. These shares will be in the Air India Group, which includes Air India, Vistara, Air Asia India, and Air India Express. The merger is anticipated to be completed by March 2024.
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