12 Dec 2022

Air India Likely To Place Historic Orders For 500 Aircrafts

Mumbai: Air India is preparing to buy 500 new aircrafts. According to reports, Tata Group's Air India is going to place orders for 500 new aircraft to be included in its fleet. These will include 400 small aircrafts and 100 large aircrafts. Large aircrafts can be Airbus A-350s, Boeing 787s and Boeing 777s. The final decision on the deal has not been taken yet.
Potential order comes days after Tata announced merger of Air India with Vistara: The potential order comes days after Tata announced the merger of Air India with Vistara, a joint-venture with Singapore Airlines, to create a bigger full-service carrier and strengthen its presence in domestic and international skies. That deal gives Tata a fleet of 218 aircraft, cementing Air India as the country's largest international carrier and second largest in the domestic market after leader IndiGo.
Tata regained control of AI in January: Air India, with its Maharajah mascot, was once known for its lavishly decorated planes and stellar service but its reputation declined in the mid-2000s as financial troubles mounted. Founded by JRD Tata in 1932, Air India was nationalised in 1953. Tata regained control in January and has since been working to revive its reputation as a world-class airline.
The planned order reflects a deliberate strategy to win back a solid share of traffic flows to and from India, which are currently dominated by foreign carriers such as Emirates.
Air India also wants to win a bigger share of regional international traffic and the domestic market, setting up a battle on both fronts with IndiGo.

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