The launch of new services will impact fares in some sectors, say experts.Akasa has placed an order for 72 Boeing planes for $9 bn, paving the way for a summer launch.Jet 2.0 is likely to launch by early next year; it plans to induct 50 aircraft in the next three years
Air India, which was privatised with its ownership transferred to Tata Sons in January, continues to overfly Russia for flights to the United States as well as Canada. That puts the airline in a unique position it can capitalise on.
The gain for Air India is good but lack of wide body aircrafts as mentioned in the above article will limit this to a small gain. It is the Middle East Hub operators like Emirates, Etihad and Qatar who will capture the European and American airlines market.
India, the fastest-growing civil aviation market in the world, intends to add 100-120 aircraft every year to meet the growing demand, Civil Aviation Minister Jyotiraditya Scindia said