InvestorQ : Is it true that Jhunjhunwala’s Akasa Air is placing a huge order with Boeing?
Aditi Sharma made post

Is it true that Jhunjhunwala’s Akasa Air is placing a huge order with Boeing?

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Mahima Roy answered.
3 weeks ago
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That is right and it looks like some good news flows for Boeing after a tough 2-3 years with the problems surrounding its Max-737 engines. It is reported that Boeing is likely to win a critical deal from Akasa Air to supply a total of 70-80 Boeing 737 Max-jets. This will be the single biggest aircraft order in recent times and is roughly estimated to be worth $10 billion over a number of years into the future.

Akasa Air is backed by Rakesh Jhunjhunwala, the investor with the Midas touch, and has already onboarded senior aviation veterans to drive the show. Post the pandemic, India continues to be the fastest growing aviation market and Rakesh stays bullish. In fact, the deal is expected to be announced during the Dubai Air Show. Indigo, India’s leading airline, has been a loyal customer of Airbus from the start, so this is heads up for Boeing.

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