Air India, a global airline owned by Tata Group, has taken a significant step in its fleet expansion program by signing purchase agreements with Airbus and Boeing. The deal, announced at the Paris Air Show, includes the acquisition of 470 aircraft with a total value of USD 70 billion based on list prices as part of Air India's fleet expansion program announced in February.
Widebody and Narrowbody Aircraft Orders
The purchase agreements cover a wide range of aircraft models. Air India's firm orders include 34 A350-1000 and six A350-900 from Airbus, along with 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft. Additionally, the airline has ordered 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrowbody aircraft.
N Chandrasekaran, Chairman of Tata Sons and Air India, expressed his optimism about the fleet expansion. "This landmark step further positions Air India for long-term growth and success that, we have every hope, will come together to represent the best of modern aviation to the world."
Campbell Wilson, CEO and MD of Air India, highlighted the airline's commitment to operating advanced and fuel-efficient aircraft. He stated, "Our ambitious fleet renewal and expansion programme will see Air India operate the most advanced and fuel-efficient aircraft across our route network within five years. We are proud to be working with all our partners in this journey to rebuild a global airline which reflects India taking a more confident posture around the world."
Support from Satair and Boeing Global Services
To support Air India's fleet expansion, the airline will receive assistance from Satair, an Airbus company, and Boeing Global Services. According to the statement, these partners will provide a range of solutions, including parts and maintenance provisioning, digital applications, and modification services.
Delivery Schedule and Leased Aircraft
The delivery of the new aircraft will commence later this year, with the majority of the order expected to arrive from mid-2025 onwards. In the meantime, Air India has already begun receiving 11 leased B777 and 25 A320 aircraft to accelerate its fleet and network expansion.
Excitement from Airbus and Boeing
Airbus and Boeing executives expressed their enthusiasm for being part of Air India's transformation and are excited to be key partners in the reinvention of the Flying Maharaja.
The acquisition of 470 aircraft by Air India marks a significant milestone in its fleet expansion program. The fuel-efficient mix of next-generation aeroplanes, including the 737 MAX, 787 Dreamliner, and 777X, will sustainably power Air India's future fleet in the world's fastest-growing commercial aviation market.