Air India CEO discloses his aims for 30 pc international market share in 5 years

Campbell Wilson, the CEO of Air India, stated on Tuesday that the company hopes to hold a 30% market share in both domestic and foreign markets within the next five years. The Tata Group acquired the loss-making carrier in January, and as of right now, it has implemented the "Vihaan.AI" revival strategy.Wilson, the MD and CEO of Air India, told reporters here that the airline hopes to have a 30% market share in both domestic and international markets in the following five years. The airline currently holds a 10% domestic market share and a 12% international market share.'Vihaan.AI' is a comprehensive transformation plan with a detailed road map for the next five years. The airline is working on "restoring the reputation" and there is evidence that progress is being made, Wilson said. It has also 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 aircraft, of which 33 are operational. The rest will return to service by early 2023, it had said in September.Read all the Latest News, Trending News, Cricket News, Bollywood News, India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.