Air India to increase its fleet to 470 aircraft 

Air India, the national carrier of India, is planning to enhance its fleet strength to 470 aircraft in the coming years.

Chief Executive Officer Campbell Wilson said on Tuesday that new aircraft will be inducted as well as refurbishing work on older planes will be carried out.

Air India has a current fleet of 113 aircraft and it will fund the $70 billion order of new planes with internal cash, equity and through sale-and-leasebacks.

The airline will purchase 220 of the planes from Boeing and 250 from Airbus.

Air India is also in talks with other airlines that are a part of the Star Alliance group of carriers to enhance cooperation.

The airline in a bid to compete with bigger rivals such as Emirates is spending $400 million on refurbishing and upgrading its planes.

Source: https://www.zawya.com/