According to the airline’s CEO, Tata Group-owned Air India is negotiating with Boeing and Airbus about ordering new aircraft while also repairing grounded aircraft and leasing aircraft to suit its immediate needs.
A little drop of past
Prior, Tata group’s last year got it done of 21,000 crores, warmly greeted the European avionics significant Airbus and Space to acquire 56 C-295 through TASL( Goodbye Progressed Frameworks) at Vadodara, Gujarat, to produce transport airplane for Indian Aviation based armed forces (IAF). The airplane can airdrop paratroops and burdens, and furthermore be utilized for setback or clinical clearing.
Coming back to present
Additionally, it is normal that every one of the providers of the Goodbye drove consortium engaged with the venture will currently be internationally perceived under the Public Aviation and security workers for hire Certification Program.
The autos-to-steel conglomerate, which finalised the acquisition of Air India in January, confronts a difficult battle to modernise an ageing fleet, enhance service levels, and restore the company’s financial health, according to industry analysts.
Campbell Wilson, the airline’s chief executive, stated at a Tata corporate event in Mumbai that they are in deep discussion with Boeing, Airbus, and engine manufacturers for a historic order of the latest generation aircraft that will power Air India’s medium- and long-term growth.
In order to increase its market share to 30% on both domestic and international routes over the following five years, according to Wilson, Air India intends to grow its fleet and international network.
Industry estimates indicate that Air India currently holds a 10% domestic market share and a 12% international market share.
In an effort to increase market share and raise service standards, Air India announced in September that it would lease 30 Boeing and Airbus aircraft, more than doubling the size of its fleet.
In July, industry insiders claimed that Air India was getting closer to choosing between Airbus and Boeing for an order worth $50 billion at list prices.
Figures of the deal
The order was expected to include up to 300 narrowbodies and up to 70 wide-body aircraft, including Airbus A350s and Boeing 787s and 777s, according to the sources at the time.