The order, which was placed on the sidelines of the biennial Wings India 2024, Asia's largest civil aviation event being held at Hyderabad, comprises 737 MAX 10 and 737 MAX 8-200 single aisle jets. Akasa expects the aircraft to be delivered within the next eight years.
With Akasa's latest order, the three domestic carriers the other two being IndiGo and Air India - together have ordered a total of 1,120 planes in less than one year, a sign that the country's civil aviation market is growing at a fast pace. If IndiGo's earlier order is taken into account, the total pending deliveries of the domestic carriers stands at 1,676 aircraft.
In 2023, domestic air passenger traffic touched an all-time high of 152 million. During the year, Air India and IndiGo together placed orders for 970 planes with Boeing and Airbus.
WHILE AIR INDIA ordered 470 planes-250 from Airbus and 220 from Boeing-in February last year, IndiGo announced an order with Airbus in June to buy 500 narrowbody planes.
This story is from the January 19, 2024 edition of Financial Express Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 19, 2024 edition of Financial Express Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Trump tariffs: Auto suppliers rethink production plans
Trump has vowed to impose a blanket tariff of 10% on global imports into the US and a 60% tariff on Chinese goods
Chants meet chatbots at this year's Maha Kumbh
FROM INFORMATION TO SECURITY, AI TO BE MAJOR MOVER AT THE MEGA EVENT
Premium online video market to double by 2028: Report
INDIA'S PREMIUM ONLINE video market, valued at $1.7 billion in 2023, is projected to nearly double by 2028, solidifying its position as one of the fastest-growing over-the-top (OTT) markets globally, according to the Asia Video Industry Report 2025.
Meta's fact-checking snub in US alarms India
AS META ANNOUNCED the end of its third-party fact-check programme in the US, a move that is being seen as the company reorienting itself for the new Trump era, a palpable sense of panic has gripped fact-checkers in India.
Taliban Urges India to Ease Visa Process
HOURS AFTER INDIA and Taliban-ruled Afghanistan held their first high-level meeting, the Taliban announced that they had urged Delhi to issue visas to Afghan businessmen, patients, and students.
Hollywood Hills burn as big blaze engulfs LA
THE HOLLYWOOD HILLS blazed uncontrollably on Thursday morning as the worst wildfires in the history of Los Angeles raged across the city and deep into the storied heartland of the American film industry.
Hush money: Court rejects Trump bid to delay sentencing
NEW YORK'S TOP court rejected on Thursday Donald Trump's request to halt the president-elect's sentencing for his conviction on criminal charges stemming from hush money paid to a porn star, with a decision on a possible delay now in the hands of the President-elect Donald Trump's request.
Musk Held Talks on Ways to Oust UK's PM Before Polls: Report
BILLIONAIRE ELON MUSK has held private discussions with allies about removing British Prime Minister Keir Starmer from his position before the next general election, the Financial Times reported on Thursday.
Biden to further limit Nvidia AI chip exports in final push
PRESIDENT JOE BIDEN'S administration plans one additional round of restrictions on the export of artificial intelligence chips from the likes of Nvidia just days before leaving office, a final push in his effort to keep advanced technologies out of the hands of China and Russia.
Apple defends Siri after $95-million settlement
APPLE CLARIFIED ON Wednesday that it has never sold the data collected by its Siri voice assistant or used it to create marketing profiles, just days after settling a case in which it faced such accusations.
