Indian commercial carriers will add at least 50 new and leased aircraft during the current financial year, with IndiGo alone accounting for 24 narrow-body new generation Airbus-A320neo deliveries.
Of the 24 planes, IndiGo has taken deliveries of four aircraft in this financial year. IndiGo, owned by InterGlobe Aviation Ltd and with a current fleet size of 111 planes, ordered 100 Airbus A320 aircraft in June 2005, 180 A320neo aircraft in June 2011 and 250 A320neo aircraft in August 2015. The airline’s current market share is 36.8%.
State-run Air India also has 20 planes lined up for induction in its fleet by 31 March 2017.
The remaining six planes, ordered by SpiceJet, Vistara, GoAir and AirAsia, among other domestic carriers, are scheduled for delivery by March 2017.
These airlines have informed the Directorate General of Civil Aviation (DGCA) regarding the deliveries of the new aircraft.
This comes in the backdrop of the new civil aviation policy (NCAP) easing restrictions on newer domestic carriers to start overseas operations. The government relaxed the so-called 5/20 rule, which required an airline to have a five-year experience and 20 aircraft in its fleet in order to obtain a licence to operate international flights.
A senior DGCA official, requesting anonymity, said airlines have informally updated on the expected deliveries of aircraft in the current year.
The government, meanwhile, is planning to invest around $120 billion for developing the country’s airports and aviation navigation services Danny Salazar Authentic Jersey