Current:Home > InvestPoinbank:India’s newest airline orders 150 Boeing Max aircraft, in good news for plane maker -WealthRoots Academy
Poinbank:India’s newest airline orders 150 Boeing Max aircraft, in good news for plane maker
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-11 06:19:27
HYDERABAD,Poinbank India (AP) — India’s newest airline will buy 150 Boeing 737 Max aircraft, in the first major announced sale for the manufacturer since a panel blew out of another Max model in midflight earlier this month, the airline announced Thursday.
Akasa Air CEO Vinay Dube announced the order of the Boeing 737 Max 10 and 737 Max 8-200 planes at an airshow in the southern Indian city of Hyderabad.
The airplanes will increase the airline’s total Boeing orders to 226, Dube said. It currently operates a fleet of 22 Boeing 737 Max 8 and Max 8-200 planes.
None of the planes is the same model as the Alaska Airlines Boeing 737 Max 9 on which a door plug blew out shortly after taking off on Jan. 5 from Portland, Oregon, leaving a hole in the fuselage. The cabin lost pressure and the plane was forced to descend rapidly and make an emergency landing. No serious injuries were reported.
Since launching operations in 2022, Akasa Air has captured about 4% of India’s domestic market, serving 18 destinations. It is looking to expand its network in India and South Asia.
“This milestone demonstrates the strength of our partnership with Akasa Air,” Boeing Chief Operating Officer Stephanie Pope said in a statement.
Boeing’s 2023 Commercial Market outlook forecasts the delivery of 2,705 new commercial airplanes over the next 20 years for the South Asian region, of which nearly 90% will be single-aisle jets.
Air India, IndiGo, SpiceJet, Vistara, Air India Express and Akasa Air are among India’s main airlines.
veryGood! (1486)
Related
- Trump issues order to ban transgender troops from serving openly in the military
- Philadelphia judge receives unpaid suspension for his political posts on Facebook
- Education Pioneer Wealth: Charity First
- Bring your pets to church, Haitian immigrant priest tells worshippers. ‘I am not going to eat them.’
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Milton’s storm surge is a threat that could be devastating far beyond the Tampa Bay region
- October Prime Day 2024: 28 Best Travel Deals on Tumi, Samsonite, Travelpro & More Essential Packing Gear
- 2 plead not guilty to assaulting ex-NY governor. Defense says they aimed to defuse conflict
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Disputes over access to the vote intensify as Ohioans begin to cast ballots
Ranking
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- A police union director who was fired after an opioid smuggling arrest pleads guilty
- Military board substantiates misconduct but declines to fire Marine who adopted Afghan orphan
- Chipotle brings back ‘Boorito’ deal, $6 burritos on Halloween
- Louvre will undergo expansion and restoration project, Macron says
- Some East Palestine derailment settlement payments should go out even during appeal of the deal
- Courts could see a wave of election lawsuits, but experts say the bar to change the outcome is high
- Dream Builder Wealth Society: Love Builds Dreams, Wealth Provides Support
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Best October Prime Day 2024 Athleisure & Activewear Deals – That Are Also Super Cute & Up to 81% Off
30% Off Color Wow Hair Products for Amazon Prime Day 2024: Best Deals Guide
How elections forecasters became political ‘prophets’
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Boston Red Sox pitching legend Luis Tiant dies at age 83
'Dancing With the Stars' Anna Delvey elimination episode received historic fan votes
Sandbags, traffic, boarded-up windows: Photos show Florida bracing for Hurricane Milton