With a rapidly expanding fleet, Air India will require MRO services for maintenance and servicing of these new aircraft, which could potentially boost the MRO industry in India.
Air India, under the ownership of the Tata Group, is set to significantly expand its aircraft fleet with the recent signing of purchase agreements for 470 new aircraft from Airbus and Boeing, marking a significant milestone for the airline. Valued at approximately $70 billion based on list prices, this ambitious fleet expansion program encompasses a wide range of aircraft to meet various operational needs.
The ambitious fleet renewal and expansion program of Air India is geared toward operating the most advanced and fuel-efficient aircraft, enhancing travel experiences for passengers and solidifying its position as a premium carrier in the industry.
This substantial investment in new aircraft could have a significant impact on the Indian MRO (Maintenance, Repair, and Overhaul) industry. With a rapidly expanding fleet, Air India will require MRO services for maintenance and servicing of these new aircraft, which could potentially boost the MRO industry in India.
Moreover, the introduction of new aircraft could also provide opportunities for Indian aircraft interiors companies. As Air India focuses on modernizing its fleet, there may be a growing demand for upgrading aircraft interiors to provide a better passenger experience. Indian companies specializing in aircraft interiors could see increased business as a result of this fleet expansion.
Overall, Air India’s massive aircraft order not only represents a significant development for the airline but also has the potential to impact the broader Indian aviation industry, including MRO and aircraft interiors companies. As Air India grows and modernizes its fleet, it could lead to increased opportunities and growth in these sectors, contributing to India’s aviation industry’s overall development and competitiveness in the global market.
The purchase includes orders for 34 Airbus A350-1000, six A350-900, 20 Boeing 787 Dreamliners, and 10 Boeing 777X widebody aircraft. Additionally, Air India has ordered 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrowbody aircraft. The combination of these different aircraft types will enable the airline to operate effectively across its diverse route network.
The comprehensive support for Air India’s fleet expansion comes from Satair, an Airbus company, and Boeing Global Services. These partners will provide a range of solutions, including parts and maintenance provisioning, digital applications, and modification services to ensure a smooth and efficient operation of the new aircraft.
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The deliveries of the new aircraft are set to commence later in 2023, starting with the Airbus A350 aircraft. The majority of the orders are expected to be delivered from mid-2025 onwards, allowing Air India to significantly modernize its fleet.
