Story: Tata's Air India to order 250 Aircrafts; 15-03-2023;
The Tata Group-owned Air India has announced its commitment to order 250 Airbus aircraft to boost its domestic and international operations.
• The Tata Group-owned Air India has announced its commitment to order 250 Airbus aircraft to boost its domestic and international operations. The commitment includes 140 A320neo and 70 A321neo single-aisle aircraft as well as 34 A350-1000 and six A350-900 wide-body jets that will mark a new era for the country as the all-new, long-range aircraft celebrates its debut in the Indian market.
The Air India, which was acquired by Tata Group just last year after 68 years with whooping worth of ₹18,000 crores, now going forward with an order of 500 jets from both Airbus and Boeing, industry sources said on Sunday. Tata Group looks to ambitiously revive the old age Air Line.
• A350 aircraft of choice for Air India’s renaissance in long haul travel.
• A320 Family to be the cornerstone of Air India’s domestic and regional fleet.
The order aims to both modernise and expand the airline’s fleet with the objective of creating a larger and premium full-service carrier that will cater to the growing travel demand in the region. Deliveries are set to commence with the first A350-900 arriving by late-2023.
“Airbus has been a longstanding partner of Air India, and these new aircraft will play an important part in delivering Vihaan.AI, Air India’s comprehensive transformation and growth strategy,” said Campbell Wilson, CEO and MD, Air India. “A core element of this transformation is the significant expansion of our network, both domestically and internationally, coupled with the elevation of our on-ground and onboard product to world-class standards. This order marks the start of a new chapter for both Airbus and Air India.”
“This is a historic moment for Airbus and for Air India. India is on the verge of an international air travel revolution and we are honoured that our partnership with the Tatas and our aircraft solutions will write that new chapter for the country’s air-connectivity,” says Christian Scherer, Airbus Chief Commercial Officer and Head of International. “The A350’s unique capability will unlock the pent-up potential of India’s long-haul market, its technology, long reach and second to none comfort will enable new routes and passenger experience with better economics and enhanced sustainability. Alongside the A350s, the A320 Family fleets will be the efficient, versatile asset to continue democratising and decarbonising air travel in the country – from domestic, regional, up to international levels.”
Christian Scherer adds: “We salute Air India for its visionary strategy, picking the two reference aircraft types in each of their categories. We are thrilled and humbled to see these aircraft become the cornerstones of Air India’s renaissance. This fleet will propel the airline globally where it deserves to be - with the best.
Over the next decade, India will grow to have the largest population in the world, its economy will expand the fastest among the G20 nations, and a burgeoning middle class will spend more on air travel. As a result, passenger traffic in India will grow fast, including on the long-range markets in the U.S., Europe and Asia-Pacific that the A350 is well positioned to serve.
• Earlier reports of 500 planes to be bought by the airline was reported by one of the world's leading aircraft lessors.
Steven Udvar-Hazy, executive chairman of AirLease Corp :
“As a result of this recovery, there is now more momentum for large orders from airlines who have sort of sat back and watched the movie, and now they're seeing there's going to be a positive trend.” Steven Udvar-Hazy, executive chairman of AirLease Corp (AL.N), told the Airline Economics conference. Reported by Reuters .
“We have this 500-aircraft order coming out of India, which is going to be about 400 narrow-body aircraft, probably a mix of (Airbus) A320neos, A321neos and (Boeing) 737 MAXs, and 100 wide-bodies which will include (Boeing) 787s, 777X, potentially some 777 freighters and (Airbus) A350s.”
Steven Udvar-Hazy also said back then, “We do expect a number of airlines will place large orders, and again most of these orders will be for replacement.”
Industry sources say finalising the proposed deal depends on ongoing negotiations with engine makers.
Air India did not immediately respond to a request for comment. Airbus and Boeing had no immediate comment, according to Reuters.