India's Akasa Air will place a 'substantially' large order for new narrowbody jets this year, as the start-up budget airline looks to capitalise on booming demand at home and begin international flights, its chief executive told Reuters.
for 470 jets, the largest by a single airline, as it looks to revamp its ageing fleet to capitalise on the travel boom at home while also competing with Gulf rivals like Emirates for international passenger traffic.
Indian airlines are forecast to order 1,500 to 1,700 planes over the next couple of years, according to consultancy CAPA India, including a likely 500 plane order from Akasa rival IndiGoAkasa will add three planes to its fleet within the next three months to reach 20, making it eligible to fly to international destinations as per Indian government rules, Dube said.
"By the end of the year, we hope to be flying internationally," he added, with the carrier targeting destinations within the range of a 737 MAX in South Asia, Southeast Asia and the Middle East. Dube said in the domestic market, Akasa would focus on its strategy of connecting smaller cities with the country's major metros at a time when demand remains strong despite high ticket prices.
"Everything is growing gangbusters," he said. "The demand in India as a whole is going to continue to grow and grow and grow."
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