RE: Breaking News!21 Feb 2024 18:15
Campbell Wilson, CEO, Air India, said:
"We are delighted to commence this partnership with Rolls-Royce, and to have their Trent XWB engines power our new fleet of A350 aircraft. We are confident that they will provide us with the reliability and efficiency consumers expect of today's leading airlines, and thereby play an important part in Vihaan.Al, Air India's comprehensive transformation and growth strategy."
The size of the Air India order reflects the increasing demand for air travel in India, which now has the third biggest airline market in the world and is ranked as the fifth largest economy globally. The rise of aviation has been fuelled by continued business growth, favourable government policies, sustained infrastructure development, rising disposable incomes and the travel aspirations of its young, affluent middle class. Industry forecasts* show that air passenger traffic in India is expected to grow at more than 6% per year and the industry will require more than 400 medium and large aircraft to support demand. This makes India a
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strategically important market for Rolls-Royct it represents enormous growth potential for its products and services far into the future.