New Indian Airline Orders 72 Boeing 737 MAX Aircraft

(17 Nov 2021)  Akasa Air, a new Indian airline and brand of SNV Aviation, has ordered 72 Boeing 737 MAX airplanes, valued at nearly $9 billion at list prices.

Akasa Air plans to launch commercial flights in the summer of 2022.

Speaking at the Dubai Airshow 2021, Akasa Air CEO, Vinay Dube, said, "We are delighted to partner with Boeing for our first airplane order and thank them for their trust and confidence in Akasa Air's business plan and leadership team. We believe that the new 737 MAX airplane will support our aim of running not just a cost-efficient, reliable and affordable airline, but also an environmentally friendly company with the youngest and greenest fleet in the Indian skies.

Vinay Dube (left), Akasa Air CEO with Stan Deal, Boeing Commercial Airplanes President and CEO

"India is one of the fastest-growing aviation markets in the world with an unparalleled potential. We are already witnessing a strong recovery in air travel, and we see decades of growth ahead of us. Akasa Air's core purpose is to help power India's growth engine and democratize air travel by creating an inclusive environment for all Indians regardless of their socio-economic or cultural backgrounds."

Akasa Air's order includes two variants from the 737 MAX family, the 737-8 and the high-capacity 737-8-200.

"We are honored that Akasa Air, an innovative airline focused on customer experience and environmental sustainability, has placed its trust in the 737 family to drive affordable passenger service in one of the world's fastest-growing aviation regions," said Stan Deal, Boeing Commercial Airplanes president and CEO. "The 737 MAX, with its optimized performance, flexibility and capability, is the perfect airplane to establish Akasa Air in the Indian market and ensure it effectively grows its network."

India's growing economy and expanding middle class is expected to fuel strong demand for commercial flights, driving the need for more than 2,200 new airplanes in South Asia valued at nearly $320 billion over the next 20 years, according to Boeing's 2021 Commercial Market Outlook forecast.