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Boeing orders 72 planes in preparation for Jhunjhunwala’s airline takeoff

Highlights:

  • The tourism industry has got a boost due to the effect of Corona, which will benefit the hotel as well as the aviation industry.
  • – Boeing’s 737 planes use less fuel, safer for longer trips
  • – There will be a total of two different models of the Akasa 737-8 and the other 737-8-2000M aircraft

Mumbai: American company Boeing has ordered 72 737 MAX aircraft for Rakesh Jhunjhunwala’s airline Akasa Air. In July, our affiliate newspaper, the Economic Times, reported that Jhunjhunwala could buy up to 70 aircraft. The cost of 72 Boeing 737 MAX is said to be 9 billion.

Vinay Dubey, CEO of Akasa Air, said in the matter that the new 737 MAX aircraft will not only save money but will also help in making the airline more economical and reliable and protect the environment. He said that India is one of the fastest growing aviation markets in the world. A strong improvement in air travel is expected, leading to progress in this area over the next decade.

The order placed by Akasa Air will come in two variants. The first plane is of 737-8 while the second plane is of 737-8-200. According to an estimate, India will need 2,200 new aircraft in the next 20 years, worth ₹320 billion.

Akasa started with Dubey and his colleagues Praveen Iyer and Arvind Srinivasan. These include former President of India Aditya Ghosh. The airline received the final acceptance letter on October 11. The company plans to start operations by the middle of 2022.

There is a lot of activity these days in the aviation sector of India. With the government allowing airlines to operate at full capacity, the number of passengers has also reached the level before Corona. Not only this, Tata has also bought Air India, whose management is expected to be in its hands by February 2022. After Corona, the travel industry has come to life, which has directly benefited the airlines. As a result, shares of airlines like Indigo are also rallying.

At present, India is considered to be the largest domestic alliance in India. After this comes the number of SpiceJet. Thus running an airline is one of the toughest professions in the world. This is because their business is also heavily influenced by international factors. There are days when airlines continue to operate on very low margins or even at losses.

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