To boost revenues, Air India seeks new planes from Boeing, Airbus

Robert Besser
23 Nov 2022, 14:16 GMT+10

Tata Group-owned Air India has said the airline is in talks with Boeing and Airbus about ordering new aircraft, according to CEO Campbell Wilson
The airline also aims to meet its immediate needs by leasing planes and repairing grounded aircraft
After purchasing Air India in January, Tata has been struggling to upgrade its aging fleet, turn around the company's financials and improve service levels

MUMBAI, India: Tata Group-owned Air India has said the airline is in talks with Boeing and Airbus about ordering new aircraft, according to CEO Campbell Wilson.

The airline also aims to meet its immediate needs by leasing planes and repairing grounded aircraft, he added.

After purchasing Air India in January, Tata has been struggling to upgrade its aging fleet, turn around the company's financials and improve service levels.

"We 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," Wilson said, during a conference in Mumbai this week.

Wilson added that to increase its market share to 30 percent on both domestic and international routes over the next five years, Air India has drafted a plan to expand its fleet and global network.

The airline has a current domestic market share of some 10 percent, and an international market share of around 12 percent.

In September, Air India said it would expand its fleet by more than 25 percent as part of the drive to boost market share and improve service, as well as lease 30 Boeing and Airbus planes.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to India Gazette.

More Information

16 ℃

Haze in New Delhi/Gandhi

Business

Section

US concerned over rights at Mexico auto factory, seeks corrections

WASHINGTON D.C.: The US has again asked Mexico to investigate claims that workers at an auto parts facility of American ...

US Justice Dept. investigating Tesla claims on self-driving autos

WASHINGTON D.C.: Tesla confirmed this week that the US Justice Department has requested documents related to its Full Self-Driving and ...

At 10.5 million vehicles sold, Toyota is top automaker in 2022

TOKYO, Japan: Toyota has announced that it sold 10.5 million vehicles in 2022, maintaining its position as the world's top-selling ...

Nasdaq Composite jumps more than 3 percent on Meta surge

NEW YORK, New York - Technology stocks had a hay day Thursday with Facebook parent Meta rocketing up nearly 30 ...

Concerns about recession in Germany after economy shrinks in Q4

FRANKFURT, Germany: Data released this week showed that the German economy unexpectedly shrank in the fourth quarter of 2022, indicating ...

China to allow return of Japanese tourists following retaliatory ban

TOKYO, Japan: In a statement posted on the website of the Chinese Embassy in Tokyo, Beijing announced that it will ...

Delhi

Section