India books record Airbus orders in June 2023: Report

India's demand for Airbus orders surged in June, with 1,044 net orders in the first half of the year. Efforts by Indian airlines to serve the country's growing aviation market have led to industry records, despite supply chain issues.

Livemint, Edited By Alka Jain
Published7 Jul 2023, 01:06 PM IST
Airbus books record India orders, confirms higher deliveries.
Airbus books record India orders, confirms higher deliveries.

India's demand for Airbus orders sharply increased in June this year, leading the European planemaker with 1,044 net orders in the first half of the year, the official data showed on Friday. 

Last month, Airbus officially booked orders for 500 jets from budget carrier IndiGo and 250 from Air India that were announced or finalized at last month's Paris Airshow, according to a report published by Reuters

Efforts by Indian airlines to keep pace with the world's fastest-growing aviation market, serving the largest population, have sent industry records tumbling even though manufacturers are struggling to meet output goals due to supply chain snags.

A Reuters report confirmed that Airbus gross orders before cancellations stood at 1,080 aircraft in the first half and said that had delivered 316 jets during the period. 

Following the cancellation in the first half of 2022, Airbus won 442 orders or a net total of 259 and delivered an unadjusted total of 297 jets. Airbus is targeting 720 deliveries this year.

Meanwhile, Boeing won 223 gross orders, or a net total of 127 after cancellations, and delivered 206 airplanes from January to May. Both plane makers report mid-year results on July 26.

Boeing's upcoming monthly order figures are also due to reflect heavy demand from India after it finalized an order for 220 jets from Air India at the Paris Airshow, Reuters reported. 

Aerospace deliveries have been plagued by supply chain problems and labor shortages since the COVID-19 pandemic, but industry leaders are now reporting greater signs of stability.

In a sign of the shift towards large single-aisle planes as they become capable of flying on routes previously reserved for wide-body jets, Airbus data showed that total orders for the A321neo had reached 5,163 since it was launched, surpassing the earlier A320ceo to become its biggest selling jet.

 

(With Reuters inputs)

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First Published:7 Jul 2023, 01:06 PM IST
Business NewsCompaniesNewsIndia books record Airbus orders in June 2023: Report

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