Air India is set to order around 500 planes as an airline industry recovery takes hold following the pandemic, one of the world's leading aircraft lessors said on Monday.
"As a result of this recovery, there is now more momentum for large orders from airlines who have sort of sat back and watched the movie, and now they're seeing there's going to be a positive trend," Steven Udvar-Hazy, executive chairman of AirLease Corp"We have this 500-aircraft order coming out of India, which is going to be about 400 narrow-body aircraft, probably a mix of A320neos, A321neos and 737 MAXs, and 100 wide-bodies which will include 787s, 777X, potentially...
Air India did not immediately respond to a request for comment. Airbus and Boeing had no immediate comment. "We do expect a number of airlines will place large orders and again most of these orders will be for replacement," Udvar-Hazy said.
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