The world’s two largest jet manufacturers have announced record-setting deals driven by surging demand from regional airlines in India, signaling a possible resurgence for a commercial aviation industry battered by a years-long covid-induced malaise.
Just a day earlier the Indian budget airline IndiGo placed a firm order for 500 Airbus A320 passenger jets. At least on paper, it’s the largest deal in the history of commercial aviation.
Airbus chief commercial officer called Air India’s expansion “one of the most ambitious projects in the airline business today.” Boeing CEO Stan Deal said the deal “shows [Air India’s] confidence in our products and services in the world’s fastest growing aviation market.” “Seeing that Airbus couldn’t meet that demand, they called up their friends in Seattle. Boeing is clearly in the descendency, even with this deal,” Boyd said.The Indian government plans to open 100 new airports in the country by 2024, which could double its air fleet from 600 to 1,200 planes, according to Nirmala Sitharaman, India’s finance minister.
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