Air India, owned by the Tata Group, is in talks with Boeing and Airbus about ordering new aircraft.
The autos-to-steel conglomerate, which completed its purchase of Air India in January, faces an uphill battle to upgrade an aging fleet, redirect the company’s finances and improve service levels, industry analysts say.
“We are in in-depth discussions with Boeing, Airbus and engine manufacturers for a landmark order of next-generation aircraft that will drive Air India’s mid- and long-term growth,” said Campbell Wilson, the airline’s CEO, at a corporate event. tata. in Mumbai.
Mr. Wilson said Air India plans to expand its fleet and global network, aiming to increase its market share to 30% on both domestic and international routes in the next five years.
According to industry estimates, Air India currently has a domestic market share of approximately 10% and an international market share of approximately 12%.
Air India said in September it would lease 30 Boeing and Airbus aircraft and expand its fleet by more than 25% as part of its drive to increase market share and improve service levels.
Industry sources said in July that Air India was moving closer to a decision on a $50 billion order at list prices to be split between Airbus and Boeing.
The sources said at the time that both aircraft makers were making a “final push” with orders to include up to 70 wide-body jets, including Airbus A350s and Boeing 787s and 777s, and up to 300 narrow-body jets.
(Except for the headline, this story has not been edited by NewsMadura staff and is being published from a syndicated feed.)
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