India's aircraft fleet set to increase by over 5 times in 20 yrs: Report

Quick Summary:

ATR, which is a joint venture between Airbus and Leonardo, currently has about 1,400 aircraft operating around the world.

By March 2025, Indian carriers are expected to have ordered 2,000 planes, with 1,620 of these already secured by Air India, Indigo, and Akasa.

Indian airlines led the world in aircraft orders during 2023, holding the second-largest order volume globally, after the United States.

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Category: BusinessFinance

Markets: IndiaChinaUnited States

Topics: Air India Aircraft delivery trends Asia Cirium Fleet Forecast 2024 Aviation news India Aviation market share Asia India aircraft orders Indigo Fleet growth India Indian airlines Indian airlines expansion India aviation industry India aviation growth Indian passenger fleet Commercial aviation India Akasa Asia-Pacific aviation market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 21:16:30 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 349 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23518706

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