Aviation

Akasa Air Orders 150 Boeing 737 MAX Aircraft at WINGS India 2024

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In a groundbreaking move at WINGS India 2024, Akasa Air, India’s fastest-growing airline, proudly declared a firm order for 150 fuel-efficient Boeing 737 MAX aircraft.

This strategic announcement, taking place at Asia’s largest civil aviation event in Hyderabad, signifies a momentous leap for Akasa Air, positioning it as the sole Indian airline to achieve an order book surpassing 200 aircraft within a mere 17 months of initiating operations.

The comprehensive order, spanning the two 737 MAX variants, ensures a consistent stream of aircraft deliveries for Akasa Air until 2032. Moreover, these cutting-edge aircraft are designed to reduce fuel consumption and carbon emissions by an impressive 20%, showcasing Akasa Air’s commitment to sustainability.

As the airline looks towards expanding its footprint across India and South Asia, Boeing’s 2023 Commercial Market Outlook provides a promising backdrop. The forecast predicts the delivery of 2,705 new commercial airplanes over the next two decades for the region, with an overwhelming 90% of these being single-aisle jets. This aligns seamlessly with Akasa Air’s vision, positioning the airline strategically amidst the evolving dynamics of the aviation industry.

Aviation

Airbus and French Aerospace Firms Growing Exports from India

In a significant move to bolster its supply chain, European aerospace giant Airbus has announced plans to ramp up component sourcing from India, tapping into the country’s vast opportunities.

During a press briefing in New Delhi on October 7, CEO Guillaume Faury emphasized the strategic importance of India within the Airbus supply chain, highlighting the company’s robust network of over 100 suppliers in the region.

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Faury, who also serves as Chairman of the French Aerospace Industries Association (GIFAS), noted that there are abundant prospects for collaboration between Indian and French aerospace companies. Leading a high-level delegation from GIFAS, comprising more than 60 companies and over 100 representatives, Faury aims to foster deeper partnerships and enhance business opportunities between India and France.

“We will continue to grow our sourcing of components,” Faury stated, forecasting a doubling of component sourcing approximately every five years over the next decade. This stable growth trajectory underscores Airbus’s commitment to deepening its ties with India.

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Currently, Airbus holds an impressive order book of around 8,600 aircraft and anticipates producing about 770 planes this year. This ambitious production plan aligns with the expected surge in India’s domestic air passenger traffic, projected to reach 300 million by 2030, according to Union Aviation Minister K Rammohan Naidu.

During the briefing, Naidu also highlighted the substantial investments being made to develop India’s airport infrastructure, with $11 billion allocated for this purpose. The government plans to develop 200 additional airports over the next 20 to 25 years, significantly expanding the current count of 157 airports, heliports, and waterdromes. By the end of 2025, the number of operational airports is expected to reach 200.

“The potential for partnership between India and France is immense,” Naidu remarked, further reinforcing the collaborative spirit that Airbus and French aerospace firms seek to cultivate in India.