The battle lines in the air are being staked out. A few days ago, IndiGo signed the world’s largest aircraft deal ever with Airbus for 500 aircraft. That closely shadowed Air India’s order of 470 Boeing and Airbus planes in February.
With 970 new aircraft orders in a space of three months and a price tag of $120 billion, Indian carriers hope to transform themselves into global players of reckoning.
Their strategies may differ. IndiGo plans to increase its share of international business from 23 per cent in FY23 to 40 per cent by 2030 as a low-cost player with single-aisle aircraft. It does not have to wait for aircraft from the latest order, the first tranche of which is