From increased direct international air connectivity to being a showpiece of divestment programme to job creation in faraway US, Air India’s mega 470 aircraft order has ignited myriad expectations in and about the world’s fastest growing aviation market — India.
A raft of factors — surging air traffic demand, rising middle class population and disposable incomes, demographic dividend, over 1,200 planes on order by various Indian carriers and improving aviation infrastructure — are all fuelling the growth of the market.
Out of the 470 firm aircraft order, 250 will be supplied by Airbus and 220 by Boeing, while there is also the option to buy another 370 planes from the two plane makers. The firm order includes 70 wide-body aircraft. Aircraft & Air Traffic.
