JOURNAL ARTICLE

Why did an Indian airline just place an order for 150 more 737 Max planes from a reeling Boeing? All because of 'sustainability'.

  • Published In: Fortune.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Rogelberg, Sasha 3 of 3

Abstract

The article focuses on Boeing's recent order from Indian low-cost airline Akasa Air for 150 Boeing 737 Max aircraft, marking Boeing's first order since a January incident involving a 737 Max 9 model. This order is significant for Boeing, which has faced a decline in market capitalization due to recent challenges, as it aims to enhance its presence in India's growing aviation market. Akasa Air's CEO highlighted the environmental benefits of the 737 Max family, which reportedly reduces fuel use and carbon emissions by 20% compared to older models. The article also discusses the broader context of sustainability in aviation, noting that both Boeing and Airbus are investing in sustainable technologies while facing challenges related to aircraft delivery timelines and production backlogs. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2024/01, pN.PAG
  • Document Type:Article
  • Subject Area:Earth and Atmospheric Sciences
  • Publication Date:2024
  • Accession Number:174914549
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