Mega Deal News

In addition to the order by Air India, aviation consultancy firm CAPA India expects Indian airlines to order 1,000-1,200 planes over the next two years with around 500 by IndiGo alone. Currently, Indian airlines await the delivery of more than 1,300 aircraft across IndiGo, SpiceJet, Air India, Go FIRST, Vistara and Akasa Air. The government and the industry say India could become the third largest international — not just domestic — aviation market given the huge gap between potential and current air travel penetration. Recently India has scripted aviation history with the mammoth 540 aircraft order by Air India. Let us explore why Indian airlines are placing such big bets in a business which is often synonymous with paper-thin margins and volatile cost structures.

Last month, the Indian Air Force issued an RFI or initial tender to acquire 114 jets at a cost of around $18 billionThe top contenders for the deal include Lockheed's F-21, Boeing's F/A-18, Dassault Aviation's Rafale, the Eurofighter Typhoon, Russian aircraft MiG 35 and Saab's Gripen

Just eight transactions account for more than $300 billion of the October total as mega deals continue to find favour among dealmakers

Infosys CEO Sikka cautions that impact of the new measures will reflect in its earnings only from the December quarter