Air India has ordered 470 aircraft to serve the Indian economy and is set to receive a new aircraft every six days over the next 18 months, CEO and MD Campbell Wilson said on Friday.
He was speaking at the 67th Assembly of Presidents of the Association of Asia Pacific Airlines in Singapore. “We have new aircraft, we are recruiting many, many new crew and staff, improving the training regime and there is more work to do and we are making good progress,” he said.
Speaking at a session, Wilson said a vast majority of Air India customers want reliability and punctuality, and the challenge is to satisfy customers’ requirements. Moreover, new aircraft are being put on international flights and most of the grounded planes have been restored.
Tata-owned Air India has ordered 470 aircraft to serve the Indian economy which is growing at a compound annual growth rate (CAGR) of 8% and it is set to receive a new aircraft every six days over the next 18 months, he said.
He also exuded confidence in competing with other airlines and increasing traffic for Air India. Current air travel demand in India is 20% above 2019 levels as India reopened sooner, according to Subash Menon, director general of the Association of Asia Pacific Airlines.
As the region’s borders reopened after the rest of the world, Asia Pacific air travel recovery at 69%, trails other regions, for the year to September, he said. But growth is still dramatic. Asia Pacific passenger traffic increased 171% over the same period in 2022, while capacity growth was slower by 130%.
As air travel recovered later in Asia than in other regions, many Asian airlines could not resume services to Europe to use slots as required by the EU, he added. The loss of these slots affects connectivity between the two regions.
International air transport exists under a shared framework of rules and norms at the International Civil Aviation Organization (ICAO). Any unilateral departure from this framework detracts from its pillars, namely safety, sustainability, security and cross-border mobility, he said.
SOURCE – cnbctv18.com/ click to read the news at the source
