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IndiGo Close To Make Historic 500 Airbus A320 Aircraft Order

IndiGo announces new flights between Ras Al Khaimah and Hyderabad

A possible record contract to sell 500 of the A320 family’s narrow-body aircraft to low-cost carrier IndiGo is being approached by European aircraft manufacturer Airbus. Airbus has become the front-runner for this order following Air India’s record preliminary purchase of 470 Airbus aircraft in February of this year, according to Reuters, which cited industry sources speaking on the sidelines of an industry.

According to aviation experts, the transaction might potentially be worth more than $50 billion at the most recent Airbus list pricing, but after accounting for concessions offered by the airline industry for bulk purchases, it would only be worth around half that much. One of Airbus’ biggest clients, IndiGo has placed orders for 830 Airbus A320-family aircraft, of which over 500 are currently awaiting delivery.

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Qatar Airways orders 100 Boeing planes for up to US $18.6 billion. (Opens in a new browser tab)

According to the report, “Airbus and Boeing are also competing in separate talks to sell 25 A330neo or Boeing 787 wide-body jets to the same airline.” In India, IndiGo holds a 56% market share.

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IndiGo Chief Executive Pieter Elbers had previously stated to analysts during an earnings call last month that IndiGo intends to increase its capacity by the end of the decade and extend its network, particularly in overseas markets.

As airlines secure supplies far in advance due to impending shortages, Airbus and Boeing have been racking up new contracts worth billions of dollars that extend through 2030.

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Riyadh Air Initiates Talks with Airbus and Boeing for New order

Riyadh Air Initiates Talks with Airbus and Boeing for New order
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Riyadh Air, Saudi Arabia’s emerging second flag carrier, is poised for a significant expansion as it sets its sights on bolstering its fleet to commence operations by the summer of 2025.

Reports indicate that the airline is currently engaged in advanced discussions with aerospace giants Boeing and Airbus to finalize a substantial order of wide-body aircraft, marking a crucial step in its journey towards becoming a prominent player in the aviation industry.

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CEO Tony Douglas revealed that Riyadh Air is on the verge of clinching a deal for additional narrow-body aircraft, with an announcement expected in the near future. This move underscores the airline’s strategic commitment to fortify its fleet capacity in preparation for an ambitious network expansion.

The imminent narrow-body order complements Riyadh Air’s recently completed acquisition of narrow-body jets, the details of which are set to be disclosed in the coming months. Riyadh Air’s expansion strategy aligns seamlessly with Saudi Arabia’s Vision 2030 initiative, aimed at revitalizing the nation’s aviation sector and fostering increased international tourism.

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With plans to connect the capital city with over 100 destinations by the end of the decade, Riyadh Air envisions rapid growth, targeting a fleet of more than 200 aircraft within the initial five years of operation.

Notably, Riyadh Air’s endeavors come under the auspices of Saudi Arabia’s Public Investment Fund, signaling strong government support for the airline’s ambitions. However, amidst the backdrop of robust demand for aircraft and supply chain challenges plaguing both Airbus and Boeing.

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Douglas emphasized the imperative of timely jet deliveries to ensure Riyadh Air’s successful debut in the competitive aviation landscape. Both Airbus and Boeing find themselves grappling with production constraints amid burgeoning demand, underscoring the urgency for Riyadh Air to secure its fleet on schedule.

As the airline prepares to take flight, these negotiations epitomize Riyadh Air’s determination to surmount industry challenges and carve out a prominent presence in the global aviation arena.

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Qantas Grapples with $66 Million Fine After “Ghost Flights” Scandal

Qantas Grapples with $66 Million Fine After "Ghost Flights" Scandal

Qantas, the renowned Australian airline, finds itself in the midst of a significant controversy, agreeing to pay a hefty $66 million fine in the aftermath of what has been dubbed the “ghost flights” scandal.

The scandal revolves around accusations that Qantas continued to sell seats on flights that had long been cancelled, leaving passengers in the lurch. Australia’s competition watchdog revealed that Qantas had confessed to misleading consumers by advertising seats on tens of thousands of flights, despite the fact that these flights had been cancelled.

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This compensation scheme will see domestic customers receiving $225 and international customers receiving $450. Qantas emphasized that this compensation is in addition to any refunds or alternative flight arrangements that may have already been offered to impacted passengers.

Affected customers will be notified via email starting next month, outlining the process for lodging a claim. Further details can be found at www.qantasremediation.deloitte.com.au. Vanessa Hudson, Qantas’ chief executive, expressed regret over the airline’s failure to meet its own standards and acknowledged the disappointment experienced by customers.

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As part of the agreement, Qantas has pledged not to engage in similar conduct in the future. Additionally, the airline has committed to promptly informing customers of cancelled flights, ensuring that notifications are issued within 48 hours of the decision to cancel. Furthermore, Qantas will cease selling tickets for such journeys within 24 hours of cancellation.

This commitment extends to Qantas subsidiary Jetstar as well. The Australian Competition and Consumer Commission (ACCC) and Qantas will seek approval of the proposed penalty from the Federal Court. However, Qantas intends to initiate the remediation process before the court approval is obtained, signaling a proactive approach to addressing the fallout from the scandal.

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Air India Resumes Non-Stop Delhi-Zurich Route After 25 Years

Air India Resumes Non-Stop Delhi-Zurich Route After 25 Years

After a prolonged absence, Air India is set to make a comeback at Zurich Airport with the launch of its non-stop service between Delhi and Zurich.

This move not only marks the airline’s reentry into Switzerland but also expands its presence in mainland Europe to seven cities, reaffirming its commitment to global connectivity. According to an official press release, Air India will deploy its two-class configured Boeing 787 Dreamliner aircraft for the Delhi-Zurich route.

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Operating four times a week on Mondays, Wednesdays, Fridays, and Sundays, the flights aim to cater to both business and leisure travelers. The modern Boeing 787-8, equipped with 256 seats, promises a comfortable and efficient travel experience for passengers.

Flight schedules have been strategically designed to accommodate diverse travel needs. Departing from Zurich at 8:50 pm, the aircraft arrives in New Delhi at 08:05 am the following day, facilitating convenient connections for travelers. Conversely, flights depart from New Delhi at 2:05 pm, landing in Zurich at 7:15 pm, offering seamless travel options for both inbound and outbound passengers.

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Air India’s return to Zurich comes after a hiatus of nearly three decades since its last scheduled services to the Swiss city in 1997. Campbell Wilson, Chief Executive Officer and Managing Director of Air India, expressed enthusiasm about the new route, highlighting its significance in strengthening bilateral ties between India and Switzerland.

Wilson emphasized the robust economic relationship between the two countries, with numerous Swiss companies operating in India, Indian companies in Switzerland, and a thriving Indian diaspora.

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It’s worth noting that Air India‘s entry into Switzerland complements the existing connectivity provided by Swiss International Air Lines (SWISS), the home carrier, and Star Alliance partner. SWISS already offers daily flights connecting New Delhi with Zurich, further enhancing travel options between the two nations.

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