Aviation INDIA : Indian airlines Companies plan to order 1,500–1,700 aircraft during the next 2 years:CAPA India

Over the next two years, Indian airlines are anticipated to order between 1500 and 1700 aircraft, according to aviation consulting group Centre for Aviation CAPA India. Over 700 commercial aircraft are already in use by Indian carriers, and fewer than 800 more are ordered.

The major contributors are anticipated to be the Air India, which is owned by the Tata Group, and IndiGo, which is the country’s largest airline, according to CAPA India.

According to CAPA India, the order “may end up being the largest in the history of the global aviation industry, in terms of both the number and value of aircraft, and is expected to comprise a mix of aircraft from the 737 MAX and A320neo families as well as wide-body equipment.”

The substantial backlog of orders may take years to clear, CAPA India warned, although supply chain concerns that have impacted airline delivery schedules globally are projected to lessen by the end of 2023–2024.

As of December 2022, the aircraft manufacturers Airbus and Boeing have 12,669 outstanding orders.

While SpiceJet needs to fulfil its present order and get ready for future growth, Akasa and Go FIRST will need to put scale bets by making hasty new orders, it said.

With Air India expecting to order over 70 wide-body aircraft, the wide-body industry in India would also get the much-needed attention, according to CAPA India. While Emirates of the UAE has a fleet of over 260 wide-body aircraft, Indian carriers currently operate fewer than 50 of these aircraft.