The Business Standard, on June 21, 2023, dedicated a full page to the eye-popping aircraft orders by Air India and IndiGo. Air India signed a $70-billion order for 470 aircraft from Airbus and Boeing. Not to be left behind, IndiGo placed an order for 500 aircraft from Airbus. The civil aviation minister commented that the time was ripe for Airbus and Boeing to plan an India factory.
It is true that these 1,000-odd aircraft will take many years to be delivered, but the question is: What is triggering this bullishness among Indian airline operators? Where is this growth in demand to
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