US wins the day: A-I wants to wing it with Boeing - The Economic Times
US wins the day: A-I wants to wing it with Boeing - The Economic TimesUS wins the day: A-I wants to wing it with Boeing.MUMBAI: After over 10 years of waffling on its aircraft purchase decision, Indian flag carrier Air-India on Tuesday chose Boeing for a fleet replacement order estimated to cost upwards of Rs 30,000 crore.
The A-I board also approved in principle plans for an IPO.
In a meeting held in Mumbai on Tuesday, the airline board approved the acquisition plan for 35 aircraft, with an option for 15 more. The aircraft will be the mainstay of Air-India’s fleet for the next decade and will be inducted over a seven-year period after the order is placed. The airline has taken a big leap by ordering 27 of the yet-to-be launched Boeing 787 ‘Dreamliner,’ which the manufacturer claims offers unmatched fuel efficiency and a 20-30% savings in operating costs.
Boeing 787 will first fly in ’07 and is expected to enter service in ’08. The decision by the Air-India board will have to be cleared first by the Public Investment Board (PIB) and then the Cabinet.
Air-India has ordered eight Boeing 777-200 LR (long range) aircraft, 15 B777-300 ER (extended range) and 27 Boeing 787 aircraft.
The 777 aircraft will be powered by GE engines, while for the 787s, Air-India has to choose between GE and Rolls Royce.
The A-I board also approved in principle plans for an IPO.
In a meeting held in Mumbai on Tuesday, the airline board approved the acquisition plan for 35 aircraft, with an option for 15 more. The aircraft will be the mainstay of Air-India’s fleet for the next decade and will be inducted over a seven-year period after the order is placed. The airline has taken a big leap by ordering 27 of the yet-to-be launched Boeing 787 ‘Dreamliner,’ which the manufacturer claims offers unmatched fuel efficiency and a 20-30% savings in operating costs.
Boeing 787 will first fly in ’07 and is expected to enter service in ’08. The decision by the Air-India board will have to be cleared first by the Public Investment Board (PIB) and then the Cabinet.
Air-India has ordered eight Boeing 777-200 LR (long range) aircraft, 15 B777-300 ER (extended range) and 27 Boeing 787 aircraft.
The 777 aircraft will be powered by GE engines, while for the 787s, Air-India has to choose between GE and Rolls Royce.
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