The largest-ever global order of aircraft by Air India accounted for around a quarter of the pre-pandemic annual order book of manufacturers Airbus and Boeing.
An under-penetrated Indian market may mean more large orders ahead. This comes even as plane makers’ delivery numbers remain below pre-pandemic levels.
Earlier this week, Tata group-owned Air India announced a mega order for 470 new aircraft from Airbus (250) and Boeing (220). This is the biggest order globally, ahead of American Airlines’ 2011 order for 460 aircraft.
This is equivalent to 23 per cent of the average annual orders that Airbus received in five