Air India to triple current aircraft fleet in a few years: CEO Wilson
Air India plans to triple its current fleet of 113 aircraft in a few years as it inducts new aircraft and refurbishes older planes as part of a bigger overhaul, Chief Executive Officer Campbell Wilson said on Tuesday.
Tata group-owned Air India has said that it would increase its fleet by a record 470 aircraft, funding the $70 billion order with internal cash, equity and through sale-and-leasebacks.
The airline will purchase 220 of the planes from Boeing and 250 from Airbus.
The airline, which was once considered a world-class service in India, saw its image tarnish in the mid-2000s due to financial troubles, an ageing fleet and poor service.
