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Market: Modi-Macron applauds 250-aircraft Air India-Airbus Partnership

Fiinews by Fiinews
February 15, 2023
in Markets
Reading Time: 4 mins read
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Air India's order of new fleet from Airbus.

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PM welcomes SAFRAN decision to set up its largest MRO facility in India

Prime Minister Narendra Modi and President Emmanuel Macron have launched through video call the Air India-Airbus Partnership which covers a contract for the supply of 250 aircraft, 210 single-aisle A320neos and 40 widebody A350s to the Indian carrier which has extensively expansion plans.

This commercial partnership between these two players of the aviation sector also displays the strength of the India-France Strategic Partnership, which marks its 25th anniversary this year.

In his address, the Prime Minister highlighted the rapid expansion and growth of the Indian civil aviation market which will give impetus to greater connectivity between India and the rest of the world, and will in turn encourage tourism and business in the country.

Complimenting the strong presence of French companies in India, Modi also recalled the recent decision by French aerospace engine manufacturer SAFRAN to set up its largest MRO facility in India to service aircraft engines for both Indian and international carriers.

The Tata Group-owned Air India has announced its commitment to order 250 Airbus aircraft to boost its domestic and international operations. The commitment includes 140 A320neo and 70 A321neo single-aisle aircraft as well as 34 A350-1000 and six A350-900 wide-body jets that will mark a new era for the country as the all-new, long-range aircraft celebrates its debut in the Indian market.

The order aims to both modernise and expand the airline’s fleet with the objective of creating a larger and premium full-service carrier that will cater to the growing travel demand in the region.

Deliveries are set to commence with the first A350-900 arriving by late-2023.

“Airbus has been a longstanding partner of Air India, and these new aircraft will play an important part in delivering Vihaan.AI, Air India’s comprehensive transformation and growth strategy,” said Campbell Wilson, CEO and MD, Air India.

“A core element of this transformation is the significant expansion of our network, both domestically and internationally, coupled with the elevation of our on-ground and onboard product to world-class standards.

“This order marks the start of a new chapter for both Airbus and Air India,” elaborated Wilson.

“This is a historic moment for Airbus and for Air India. India is on the verge of an international air travel revolution and we are honoured that our partnership with the Tatas and our aircraft solutions will write that new chapter for the country’s air-connectivity,” says Christian Scherer, Airbus Chief Commercial Officer and Head of International.

“The A350’s unique capability will unlock the pent-up potential of India’s long-haul market, its technology, long reach and second to none comfort will enable new routes and passenger experience with better economics and enhanced sustainability.

“Alongside the A350s, the A320 Family fleets will be the efficient, versatile asset to continue democratising and decarbonising air travel in the country – from domestic, regional, up to international levels.”

Christian Scherer added, “This fleet will propel the airline globally where it deserves to be – with the best.”

Over the next decade, India will grow to have the largest population in the world, its economy will expand the fastest among the G20 nations, and a burgeoning middle class will spend more on air travel. As a result, passenger traffic in India will grow fast, including on the long-range markets in the U.S., Europe and Asia-Pacific that the A350 is well positioned to serve.

The A350 is the world’s most modern and efficient wide-body aircraft in the 300-410-seater category. The A350’s clean sheet design includes state-of-the-art technologies and aerodynamics delivering unmatched standards of efficiency and comfort. Its new generation engines and use of lightweight materials bring a 25% advantage in fuel burn, operating costs and carbon dioxide (CO2) emissions, compared to previous generation competitor aircraft.

The aircraft offers a 3-class configuration cabin that is the quietest of any twin-aisle and offers passengers and crew the most modern in-flight products for the most comfortable long-range flying experience.

The A321neo is the longest-fuselage member of Airbus’ best-selling, single-aisle A320 Family, comfortably seating 180 to 220 passengers in a typical two-class layout, and as many as 244 in a higher-density arrangement.

The A320neo has already set the standards as the world’s most comfortable short-to-medium-haul aircraft that typically accommodates from 140 to 170 passengers, with a maximum capacity of up to 180 travellers. Its environmental performance allows for at least 20% less fuel burn and CO2 emissions as well as 50% noise reduction, compared to previous generation aircraft. fiinews.com

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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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