Business

Akasa Air Orders 72 Fuel-Efficient 737 MAX Airplanes to Launch Service in Fast-Growing Indian Market

– New Indian carrier’s order valued at nearly $9 billion, includes 737-8 and high-capacity 737-8-200

DUBAI, United Arab Emirates, Nov. 16, 2021 /PRNewswire/ — Boeing [NYSE:BA] and Akasa Air, a brand of SNV Aviation, today announced the new Indian carrier has ordered (72) 737 MAX airplanes to build its fleet. Valued at nearly $9 billion at list prices, the order is a key endorsement of the 737 family’s capability to serve the rapidly growing Indian market.

At the 2021 Dubai Airshow, Akasa Air CEO Vinay Dube said, “We are delighted to partner with Boeing for our first airplane order and thank them for their trust and confidence in Akasa Air’s business plan and leadership team. We believe that the new 737 MAX airplane will support our aim of running not just a cost-efficient, reliable and affordable airline, but also an environmentally friendly company with the youngest and greenest fleet in the Indian skies.”

Dube added, “India is one of the fastest-growing aviation markets in the world with an unparalleled potential. We are already witnessing a strong recovery in air travel, and we see decades of growth ahead of us. Akasa Air’s core purpose is to help power India’s growth engine and democratize air travel by creating an inclusive environment for all Indians regardless of their socio-economic or cultural backgrounds.”

Akasa Air’s order includes two variants from the 737 MAX family, the 737-8 and the high-capacity 737-8-200. Providing the lowest seat-mile costs for a single-aisle airplane as well as high dispatch reliability and an enhanced passenger experience, the 737 MAX will ensure Akasa Air has a competitive edge in its dynamic home market.

Boeing Unveils F-15 Qatar Advanced Jets

“We are honored that Akasa Air, an innovative airline focused on customer experience and environmental sustainability, has placed its trust in the 737 family to drive affordable passenger service in one of the world’s fastest-growing aviation regions,” said Stan Deal, Boeing Commercial Airplanes president and CEO. “The 737 MAX, with its optimized performance, flexibility and capability, is the perfect airplane to establish Akasa Air in the Indian market and ensure it effectively grows its network.”

The Boeing 777X will make its debut at the Dubai Airshow 2021.

The 737 MAX family delivers superior efficiency, flexibility and reliability while reducing fuel use and carbon emissions by at least 14% compared to airplanes it replaces. India’s growing economy and expanding middle class will fuel strong demand for commercial flights, driving the need for more than 2,200 new airplanes in South Asia valued at nearly $320 billion over the next 20 years, according to Boeing’s 2021 Commercial Market Outlook forecast.

Boeing Delivers First 737 MAX to Jet Airways

Business

Malaysia Airlines And IndiGo Sign MoU To Boost Tourism

Malaysia Airlines and IndiGo, India’s leading airline, announced the signing of a Memorandum of Understanding (MoU) for a codeshare partnership and mutual cooperation agreement.

The agreement will enable both carriers to provide customers with more options and flexibility for seamless travels between Malaysia and India. Through this cooperation, Malaysia Airlines will be able to strengthen its connectivity into India as the marketing carrier on IndiGo operated flights.

while IndiGo customers get to explore more Southeast Asia destinations through Malaysia Airlines’ extensive network. This reciprocal arrangement will allow both carriers to provide seamless connections to their customers, besides enabling them to enjoy an
integrated travel itinerary among other facilities.

Currently, Malaysia Airlines flies 71 times a week to nine major Indian hubs: New Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Kochi, Ahmedabad, Amritsar, and Trivandrum.

To learn more and to make travel reservations, go to the official Malaysia Airlines website at www.malaysiaairlines.com. Customers who would like to start earning Enrich Points and enjoying member-only benefits are invited to sign up for Malaysia Airlines’ renowned travel and lifestyle loyalty programme, Enrich, at www.enrich.malaysiaairlines.com. Get the Malaysia Airlines app to access the newest deals from anywhere at any time.

Airlines

These Airlines Are Eyeing New Widebody Aircraft Orders from Airbus & Boeing

Several major airlines are on the verge of making significant fleet expansions, signaling potential orders for widebody aircraft from industry giants Airbus and Boeing.

These forthcoming orders signify a pivotal moment for the aviation industry as these airlines prioritize modernizing their fleets to meet evolving demands and enhance passenger experiences.

Among these carriers, Japan Airlines (JAL) is reportedly in the final stages of negotiating a purchase for around a dozen long-haul widebody planes. The Boeing 787 Dreamliner is anticipated to feature prominently in this order as japanairlines aims to revamp its fleet, replacing aging Boeing 767 aircraft with more modern narrowbody jets to fortify its network.

Meanwhile, qatar airways is initiating discussions with both Boeing Co. and Airbus SE for a substantial order of up to 150 widebody jets. With ambitions to rejuvenate its aging long-distance fleet, Qatar Airways is eyeing a mix of airbus a350 900 and Boeing 777X models to modernize and expand its operations. While the specifics of the order remain undisclosed, the airline is poised for a substantial renewal.

Cebu Pacific, a prominent Philippine budget carrier, is poised to make a decisive move in May or June regarding its order for over 100 narrowbody aircraft. CEO Michael Szucs has indicated that the airline is weighing options between Airbus and Boeing models. The decision could see a combination of Airbus A320neo and A321neo or Boeing’s high-capacity 737 MAX 8-200 and 737 MAX 10 entering Cebu Pacific’s fleet starting from 2027.

Lastly, Korean Air is reportedly weighing an order for 20 airbus a350, potentially adding to its existing fleet of A350s following the planned merger with Asiana Airlines. Sources close to negotiations indicate that Korean Air intends to purchase approximately 20 A350 jets, with a decision expected to emerge from a pivotal board meeting held by the airline’s executives on March 21, 2024.

Aviation

Saudi Arabia’s National Airline Saudia Could Fall Under PIF Ownership

According to the report, the Public Investment Fund (PIF) of Saudi Arabia, the country’s sovereign wealth fund, is reportedly in talks to buy the national airline Saudia.

An important milestone for one of the oldest airlines in the Middle East, this prospective transfer of ownership would also apply to other businesses owned by Saudia, including as its low-cost subsidiary Flyadeal. The action is considered a component of a larger plan to strengthen the PIF’s aviation portfolio by the beginning of 2025, which might improve Saudia’s financial results and operational effectiveness.

There have also been proposals that the airline might be privatized or combined with Riyadh Air, which is already controlled by the PIF. Saudia now has a sizable fleet of over 142 aircraft and serves more than 90 locations worldwide, while the exact value of the deal is still unknown.

However, sources caution that the plan may encounter delays or even be abandoned altogether. The establishment of Riyadh Air is consistent with the PIF’s larger goal of utilizing important industries to promote Saudi Arabia’s economic diversification. Based on projections, it is possible that Riyadh Air will generate billions of dollars in value and hundreds of thousands of jobs, making it a major contributor to the kingdom’s non-oil GDP.

Recently, The UK-based construction company Mace has been selected as the delivery partner for King Salman International Airport (KSIA) in riyadh. When KSIA opens in 2030, it will be the largest airport in the world, marking a significant milestone for the aviation industry.

By 2030, the airport is forecasted to facilitate a substantial increase in annual passenger traffic, skyrocketing from 29 million to a staggering 120 million travelers. Moreover, aircraft traffic within the kingdom is anticipated to surge from 211,000 to over 1 million flights per year following the airport’s inauguration.