In 2024, aviation companies in India had a total of 610 aircraft, a significant portion of which were narrow-body aircraft. By the year 2034, the number of narrow-body aircraft would double to more than 1.25 thousand units from 2021. This was followed by turboprop and widebody type aircraft respectively.
In June 2023, almost at the same time, IndiGo placed an order for 500 Airbus aircraft, while Air India ordered 470 aircraft from both Airbus and Boeing. The order of 500 aircraft has set the record for the largest single purchase agreement in the history of commercial aviation, with Air India's order being the second largest. All 500 aircraft in the order come from the A320 family, a series of narrow-body airliners. They are primarily intended for domestic flights within India. In contrast, the aircraft ordered by Air India included 70 widebody planes, from the Airbus A350 family as well as Boeing’s 787 Dreamliners and 777Xs. This new order followed closely after the Tata Group’s acquisition of Air India from the government of India.
Forecasted fleet size of the aviation market in India from 2021 to 2024 with estimates of 2034, by aircraft type
(in units)
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Oliver Wyman. (February 28, 2024). Forecasted fleet size of the aviation market in India from 2021 to 2024 with estimates of 2034, by aircraft type (in units) [Graph]. In Statista. Retrieved October 08, 2024, from https://www.statista.com/statistics/771434/business-aviation-fleet-size-india-aircraft-type/
Oliver Wyman. "Forecasted fleet size of the aviation market in India from 2021 to 2024 with estimates of 2034, by aircraft type (in units)." Chart. February 28, 2024. Statista. Accessed October 08, 2024. https://www.statista.com/statistics/771434/business-aviation-fleet-size-india-aircraft-type/
Oliver Wyman. (2024). Forecasted fleet size of the aviation market in India from 2021 to 2024 with estimates of 2034, by aircraft type (in units). Statista. Statista Inc.. Accessed: October 08, 2024. https://www.statista.com/statistics/771434/business-aviation-fleet-size-india-aircraft-type/
Oliver Wyman. "Forecasted Fleet Size of The Aviation Market in India from 2021 to 2024 with Estimates of 2034, by Aircraft Type (in Units)." Statista, Statista Inc., 28 Feb 2024, https://www.statista.com/statistics/771434/business-aviation-fleet-size-india-aircraft-type/
Oliver Wyman, Forecasted fleet size of the aviation market in India from 2021 to 2024 with estimates of 2034, by aircraft type (in units) Statista, https://www.statista.com/statistics/771434/business-aviation-fleet-size-india-aircraft-type/ (last visited October 08, 2024)
Forecasted fleet size of the aviation market in India from 2021 to 2024 with estimates of 2034, by aircraft type (in units) [Graph], Oliver Wyman, February 28, 2024. [Online]. Available: https://www.statista.com/statistics/771434/business-aviation-fleet-size-india-aircraft-type/