Akasa Air announced an order for 150 aircraft on Thursday, bringing the total number of planes ordered by three Indian carriers in less than a year to 1,120 as they expand their footprint in the country's rapidly growing civil aviation market.
Akasa Air, which is less than two years since its inception, has placed a solid order for 150 Boeing 737 Max planes, including the 737 Max 10 and 737 Max 8-200 airplanes.
In 2023, as domestic aviation traffic reached new highs, aviation India and IndiGo made orders for 970 planes from Boeing and Airbus.
In February last year, Tata Group-owned Air India placed an order for 470 planes, 250 from Airbus and 220 from Boeing. Later in June, IndiGo, the country's largest airline, confirmed an agreement with Airbus for 500 narrow-body planes.
Since February of last year, Akasa Air, Air India, and IndiGo have ordered 1,120 planes in total.
Aside from these orders, Indian carriers expect to receive new planes that were previously ordered. IndiGo alone has orders for approximately 1,000 planes.
Grounded Go First, which has not flown since May of last year, received an order for 72 aircraft.
Domestic carriers are anticipated to get more than 1,600 planes in the next few years, according to a study. Indian airlines now have a fleet size of 730.
On Wednesday, Civil Aviation Minister Jyotiraditya Scindia stated that Indian airlines' fleets will number 1,500 to 2,000 by 2030. India's civil aviation market is one of the fastest expanding worldwide.