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Air India to triple current aircraft fleet in a few years: CEO Wilson

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

Campbell Wilson, CEO, Air India
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Campbell Wilson, CEO, Air India

Reuters New Delhi
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

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 28 2023 | 6:05 PM IST

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