Air India express aims for second place with 50 Boeing 737 max planes

24 Aug 2023 CW Team

Tata-owned Air India Express is embarking on an ambitious expansion strategy, intending to deploy 50 Boeing 737 Max planes by the end of 2024. This move comes as the airline seeks to secure a strong second position in India's fiercely competitive domestic aviation market, positioning itself behind market leader IndiGo. Currently operating 25 aircraft, Air India Express is in the process of merging with AirAsia India, which operates 28 Airbus A320neo planes. This consolidation will create the second largest low-cost carrier in India, significantly enhancing its market presence.

The expansion plan will be executed in two phases. The first phase involves adding 25 planes by June next year, with the initial aircraft joining the fleet in October. The subsequent phase will take place from August to December 2024. Notably, the airline's expedited growth is due in part to acquiring 737 Max planes originally designated for Chinese airlines amid the US-China tensions, enabling faster deliveries.

Air India Express's strategic focus is on strengthening existing domestic and international routes before expanding to new destinations. The airline has already received regulatory approval to operate under the common brand of Air India Express along with a codeshare agreement with Air India, enabling seamless connectivity.

Air India Express stands as the sole profitable airline within the Tata Group's aviation portfolio, having reported a profit of Rs 1.16 billion in fiscal year 2023. This profitability positions the airline strongly in the Tata Group's efforts to merge its aviation entities into two distinct carriers – a low-cost airline and a full-service carrier.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..