Boeing secures an order for 150 of its 737 Max airplanes from India-based Akasa Air, announced at the Wings India 2024 airshow, expanding the airline's capacity and range while reducing fuel use and carbon emissions. The order provides a much-needed boost for Boeing amid increased scrutiny following safety concerns, including a fuselage panel blowout on a 737 Max 9 jet. The order brings Akasa's total Boeing order book to 226 jets as it plans to expand its domestic and international network, with Boeing stock surging 3.1% following the announcement.
Indian airline Akasa Air has placed an order for 150 Boeing 737 Max aircraft, providing a much-needed boost for the troubled planemaker. The order, which includes 737 Max 10 and 737 Max 8-200 models, excludes the Max 9 planes that have been grounded by US regulators. This comes amidst a series of recent incidents involving Boeing aircraft, including an emergency landing of an Alaska Airlines flight and a critical failure on US Secretary of State Antony Blinken's modified Boeing 737 plane. The order reflects India's growing aviation market and aims to position Akasa Air as one of the top 30 leading airlines in the world by the end of the decade.
Akasa Air, India's fastest-growing airline, has ordered 150 more Boeing 737 MAX jets, including 737-10s and additional 737-8-200s, to meet rising demand for domestic and international expansion. The order, finalized in December 2023, will support the airline's rapid growth and sustainability goals, with the 737 MAX family offering increased capacity and range while reducing fuel use and carbon emissions. This significant order underscores the strength of the partnership between Akasa Air and Boeing, as the airline aims to expand its network in India and South Asia in line with Boeing's 2023 Commercial Market outlook forecasting a high demand for single-aisle jets in the region over the next 20 years.
India's Akasa Air has placed an order for 150 Boeing 737 MAX narrowbody planes as it aims to expand its operations beyond domestic routes and tap into the country's fast-growing aviation market. The order, announced at the "Wings India" air show in Hyderabad, excludes the MAX 9 version, which has faced grounding issues. With this move, Akasa Air seeks to compete with larger rivals like IndiGo and Tata Group airlines, which currently dominate the market.
