Skift Take
Air India has been upgrading its fleet and investing heavily in new planes. An increase in grants under bilateral agreements to Middle East carriers threatens Indian carriers’ share in carrying passengers to long-haul destinations, leading to a lower return on investment.
Indian full-service carrier Air India has said its plans to invest in new aircraft will depend on the government’s policy on bilateral agreements and the seat capacity being granted, CEO Campbell Wilson said this week at an aviation event in India.
Last year, the airline placed an order for 470 new aircraft with Boeing and Airbus. It is also upgrading its fleet, set to retrofit more than 100 planes,…
