Key Points
New Delhi: Indian carriers plan to add more than 150 aircraft in 2024, up 37% from last year as Airbus and Boeing step up production to meet a record number of orders by the country's carriers..
Most of the planes will be introduced by market leader IndiGo and Air India, which is set for its fastest annual fleet addition as the Tata Group presses forward with its revival plan for the privatised carrier..
Still, airline executives said all these new planes won't be enough to cater to the growing demand, keeping fares firm and likely leading to a profitable year for the industry.. ..
CEO Aloke Singh said that the carrier will add 50 Boeing 737 Max planes in 12 months for a total 98 aircraft as it will phase out 14..
"With international journeys poised to triple by 2030, strong domestic demand and new airports coming up, India is becoming a travel powerhouse," Air India CEO Campbell Wilson said..
You might be interested in
After placing largest-ever aircraft order, Air India to hire 900 pilots, 4,200 cabin crew this year
24, Feb, 23Even the firm order for 470 planes is the biggest-ever aircraft order placed by an airline in one go. Additionally, the Tata Group airline is already in the process of leasing 36 aircraft, two of which have already joined it's fleet, Air India said in a statement.
Air India to triple current aircraft fleet in a few years: CEO Wilson
28, Feb, 23Tata groupowned Air India has said that it would increase its fleet by a record 470 aircraft funding the 70 billion order with internal cash equity and through saleandleasebacks
Air India crew may debut new Manish Malhotra designed uniforms with A350 aircraft induction
26, Sep, 23Air India is reportedly planning to introduce new uniforms for its crew as it prepares to welcome its first A350 aircraft. Details about the new uniforms are still being discussed, and designer Manish Malhotra is said to be involved in the planning process. The introduction of the new uniforms is expected to coincide with the induction of the A350 aircraft later this year. Air India recently unveiled a new brand identity called 'The Vista' as part of its transformation plan.
Air India growing substantially; hiring 600 cabin crew members, pilots every month: CEO Campbell Wilson
29, May, 23India Business News: Bullish on growth prospects with a "healthy start" to Air India's five-year transformation plan, its chief Campbell Wilson on Monday said the airline
Air India eyes 20% share in air cargo biz in 2-3 years
23, Jul, 23the airline plans to engage with companies in the telecom, electronics, and pharmaceutical industries that are key users of airlines to ferry products
Air India aims to boost Indian cargo ecosystem, eyes 300% growth in 5 years
26, Jul, 23India's state-owned airline, Air India, has placed an order for 70 wide-body aircraft to bolster the country's cargo ecosystem and provide non-stop connections to key export markets globally. The order comprises 20 Boeing 787 Dreamliners, 10 Boeing 777Xs, six Airbus A350-900s and 34 Airbus A350-1000s.
Air India accumulated losses at FY23-end pegged at Rs 14,000 crore
03, Aug, 23The accumulated losses include write-offs on old planes and engines besides those on account of AirAsia India. An impairment cost upward of ₹1,500 crore is estimated against AirAsia India and about ₹5,000 crore due to Air India's ageing planes and engines.
Air India Express takes flight with a fresh look: Unveils striking brand identity and aircraft livery
19, Oct, 23Air India Express, owned by Tata Group, has revealed a new brand identity with a vibrant color scheme dominated by orange and turquoise. The airline's visual identity features Express Orange and Express Turquoise as primary colors, representing its core values of enthusiasm and agility, as well as its style and digital-first approach. The new branding will also be incorporated into the aircraft livery, drawing inspiration from traditional Indian textile designs.
Don’t have a blank cheque, but it will take a while to address years of underinvestment: Campbell Wilson
26, Sep, 23Campbell Wilson, CEO and MD of Air India, acknowledges the progress made since he took over the position, but recognizes that building a completely new Air India will take time due to legacy issues. Wilson emphasizes the importance of addressing accumulated issues, investing in IT systems, and acquiring necessary talent for future growth. He clarifies that Tata Sons' support does not equate to a blank cheque and that Air India is expected to run a financially healthy business.
Air India to add over 4200 cabin crew, 900 pilots in 2023
24, Feb, 23Air India has planned to hire over 4200 cabin crew trainees and 900 pilots in 2023 as the airline adds new aircraft and rapidly expands its domestic and international operations.