Air India aims for 30% international market share in 5 years: Campbell Wilson

New Delhi: Air India chief Campbell Wilson said on Tuesday that the airline aims to have 30 percent share in both domestic and international markets in the next five years. Air India aims to have 30 percent share in domestic and international markets in the next five years, Wilson, MD and CEO, told reporters. The airline has a domestic market share of 10 percent and an international market share of 12 percent.

Currently, Air India has put in place the revival plan 'Vihaan.AI' which is a comprehensive transformation plan with a detailed road map for next five years.

Wilson said, "The airline is working on restoring the reputation. It has also made progress and negotiated various contracts." According to Wilson, the airline will triple its fleet in the next five years.

The airline will be inducting 5 wide-body Boeing and 25 Airbus narrow-body planes over the next 15 months. The aircraft being leased are 21 Airbus A320 neos, 4 Airbus A321 neos and 5 Boeing B777-200LRs.

Air India's narrow-body fleet stands at 70 aircraft. Out of them, 54 are in service and the remaining 16 aircraft will progressively return to service by early 2023. The wide-body fleet stands at 43 aircrafts. Out of which only 33 are operational. The rest will return to service by early 2023.

(With PTI inputs)

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. You may follow us on Google News. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)