Whereas China has a fleet of 4,000 planes, India’s fleet numbers just 700. IndiGo, which operates around 300 of them, has 1,330 more coming, to serve what has already become the third-largest domestic aviation market in the world
The most predictable convention is that Airbus, a European aerospace giant, will take the opportunity while on home tarmac to deliver a blow to Boeing, its American rival in the duopoly supplying the world’s big passenger jets. On June 19th it did not disappoint. Amid a slew of smaller deals, the most eye-catching was a whopper from IndiGo, an Indian low-cost carrier. Its order for 500 narrow-body jets from Airbus’s320 family, to be delivered in 2030-35, is the biggest ever struck.
Amid the bonanza, questions remain. First, can Airbus and Boeing increase production, laid low during covid-19, to meet demand? Airbus, which saw delivery rates of its320s sink to 40 a month during the pandemic, aims to deliver 75 a month by 2025. Ramping up supply chains will not be easy, especially as many firms laid off their costliest and most experienced staff.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Women Are So Vulnerable During India's Deadly Heat WavesDuring long days spent inside to avoid the heat in India, many women suffer from dehydration. Lots of research has pointed to the lack of access to toilets, which leads women to drink less water to avoid relieving themselves outdoors
Read more »
How Modi and Biden turbocharged India-US tiesUS President Joe Biden calls the partnership with India among the 'most consequential in the world'.
Read more »
India Looks To Fund State Refiners’ Net-Zero Operations Goals | OilPrice.comIndia’s government this week asked some of the biggest state oil refiners to launch rights issues with which the authorities plan to help fund the firms’ net-zero and energy transition goals
Read more »
How India is slowly moving into the American orbit\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
India’s journey from agricultural basket case to breadbasketIn some senses Indian agriculture is flourishing. Working conditions may be grim, but record harvest follows record harvest—and famine is a thing of the past
Read more »
The 'naked' warrior who helped British capture IndiaAnupgiri Gosain has been described as possibly the most successful mercenary of the late 18th century.
Read more »