Aviation in India is undergoing a phase of consolidation and stability and as it becomes more profitable, it will "certainly" have more than two major airlines in "due course", Air India Chief Executive Officer and Managing Director Campbell Wilson said on Thursday.
Air India, run by the Tata group, and IndiGo hold more than a 90 per cent share in the domestic passenger market.
The Air India group of airlines, which operates a fleet of about 300 aircraft, is planning to expand to approximately 400 planes by 2027, Wilson stated during his first press conference following Vistara's merger into Air India on November 11.
Wilson said in 2025 growth would happen primarily on domestic and short-haul international flights because the airline would start taking its widebody planes out of service and start sending them for retrofitting from the first half of next year.
This story is from the November 29, 2024 edition of Business Standard.
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This story is from the November 29, 2024 edition of Business Standard.
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