 "Officials of Airbus India and Air India show victory sign as first Airbus 320 neo plane arrives at Avionics Complex, Air India hangar IGI in New Delhi on Thursday. Photo: PTI")
French manufacturer Airbus on Thursday further strengthened its position in the Indian market as state-owned airline received its first A320 neo becoming the latest client of its popular single-aisle aircraft model.
Air India aims to have 29 A320 neo in its fleet by March 2019 out of which 14 will be delivered this year. While Air India has already tied up with three lessors — ALAFCO, GECAPS and CIT — for 22 planes, the process to select a bidder for the remaining seven such planes is underway.
Currently, Airbus has more than 200 aircraft in India and an order backlog of more
