Boeing set to dent Airbus’ India dominance
According to sources familiar with the situation, Boeing Co. might win a vital order for 70 to 80 737 Max jets from an Indian startup airline as early as this weekend, denting Airbus SE’s dominance in what was until recently the world’s fastest-growing aviation industry.
Bloomberg News previously reported that Akasa, a Mumbai-based carrier funded by billionaire investor Rakesh Jhunjhunwala, was in talks with Boeing regarding the planes. Some individuals believe a contract will be announced during the Dubai Airshow, which begins Nov. 14.Akasa is one of a slew of airline startups springing up around the world, as billionaires and entrepreneurs take advantage of a drop in plane-lease rates during the pandemic, which crushed air travel and left hundreds of planes idle in deserts and airports.Aditya Ghosh, the former CEO of IndiGo, and Vinay Dube, a Delta Air Lines Inc. veteran who previously worked at Jet Airways, are among the airline’s backers.
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