DELHI- According to a statement from the Ministry of Civil Aviation (MoCA) on July 31, Air India (AI) and Interglobe Aviation, the operator of IndiGo (6E), have received approval from the Directorate General of Civil Aviation (DGCA) to import aircraft.
Air India has been granted in-principle approval to import 470 aircraft, while IndiGo has been approved 500 aircraft.
The statement clarified that the announcement did not disclose the cost of acquiring these aircraft, which involves a commercial transaction between the airlines and the Original Equipment Manufacturers (OEMs).
DGCA Approves Air India IndiGo Aircraft Import
The Ministry’s statement ensures that parking slots are guaranteed when the No Objection Certificate (NOC) is granted for the actual import of aircraft.
Based on the airlines’ induction plan, the proposed timeline for importing these aircraft is between 2023 and 2035.
Air India’s order, the largest in South Asia for Boeing, includes 190 737 MAXs, 20 787 Dreamliners, and 10 777X jets. Additionally, Air India has the option to acquire 50 additional 737 MAXs and 20 more 787 Dreamliners.
Air India Airbus order includes 140 A320neo and 70 A321neo single-aisle planes, along with 34 A350-1000 and six A350-900 wide-body jets.
Indigo is planning to import a total of 500 A320neo aircraft. As of now, Air India oversees approximately 220 aircraft across all four airlines, while IndiGo operates around 315 aircraft.
During the Paris air show in June, IndiGo, which holds the country’s largest market share and fleet, announced securing a massive deal for 500 aircraft from the Airbus 320neo family.
Civil Aviation Minister Remarks
The combined mega-orders for over 900 passenger jets placed by IndiGo and Air India serve as a testament to India’s remarkable growth potential in the civil aviation sector.
According to Civil Aviation Minister Jyotiraditya Scindia, these substantial orders will accelerate the growth of the country’s aviation ecosystem.
He emphasized that every $1 invested in the civil aviation sector yields $1.3 in new growth and creates 6 indirect jobs for every direct job in the industry.
The DGCA’s approval arrives when airlines in India, currently operating approximately 700 aircraft, face parking challenges.
Stay tuned with us. Further, follow us on social media for the latest updates.