Key Points
Aircraft deliveries to domestic airlines are likely to be impacted amid the supply chain challenges being faced by aircraft and engine makers, a report said on Wednesday..
In its report, credit rating agency Icra said Indian airlines have a total order book of around 1,700 aircraft, which is more than double the size of the current fleet...
Supply chain challenges and engine failure issues remain the headwinds in the near term, Icra said in its mid-term outlook on the domestic aviation industry...
"The deliveries, however, are likely to be gradual, spanning over the next decade, and will also be impacted by the current supply chain challenges encountered by engine and aircraft Original Equipment Manufacturers (OEMs)," it said.. India is one of the fastest-growing civil aviation markets and domestic air traffic is on the rise..
This has resulted in grounding of aircraft for select airlines, thus impacting overall industry capacity (as measured by Available Seat kilometres or ASKMs)," Suprio Banerjee, vice president and sector head for corporate ratings at Icra, said..
You might be interested in
Air India rejigs 250 aircraft Airbus order
06, Dec, 23Tata Group-owned airline will now acquire 140 A321neo and 70 A320neo, while the order for 40 A350s has also been rejigged. Tata Group-owned Air India, which place
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 signs $70-billion purchase agreements for 470 aircraft-order from Airbus, Boeing
21, Jun, 23Air India’s order includes 140 Airbus A321neo and 190 Boeing 737 MAX narrow-body aircraft. Besides this, the carrier also booked orders for 34 A350-1000 and six A350-900, along with 20 Boeing 787 Dreamliners and 10 Boeing 777X wide-body aircraft.
Air India Boeing order to support over 10 lakh American jobs: White House
23, Jun, 23India Business News: NEW DELHI: World leaders are applauding the mega aircraft orders of Air India and IndiGo, with the two Indian carriers recently opting for almost 1,50.
IndiGo, Air India soar at Paris Air Show. But Indian aviation must stay grounded by reality
25, Jun, 23About 80% of the new aircraft orders at Paris Air Show were placed by two Indian airlines. But behind the optimistic outlook for India’s aviation market lies a concern.
Air India signs pacts with Airbus, Boeing to buy 470 planes
20, Jun, 23India Business News: Air India on Tuesday firmed up its order of 470 Airbus and Boeing aircraft worth $70 billion at list price. While announcing the deal this February, A
Is Indian aviation headed for a duopoly?
22, Jun, 23IndiGo made history this week by placing an order for 500 planes—a world record. This comes four months after Air India signed a deal with Airbus and Boeing for 470 aircraft. Mint explains what this mega deal means for the industry and flyers.
Air India inks purchase agreements with Airbus, Boeing to firm up its 470-plane order
20, Jun, 23Air India’s firm orders include 34 A350-1000, six A350-900, 20 Boeing 787 Dreamliners, and 10 Boeing 777X wide-body aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrow-body aircraft.
Air India makes part payment for Boeing jet order, funds arranged from multiple banks
09, Jun, 23"The funds were arranged from multiple banks at a very competitive rate and converted to US dollar at the best rates. We had a very short period to arrange the funds,” Hejmadi said.
AI puts together 'huge financing deal' for new fleet: CEO
09, Jun, 23Air India (AI) has put together a “huge financing deal” related to its new fleet in a remarkably quick time, according to CEO Campbell Wilson.