Wednesday, July 18, 2018

India's pax aircraft fleet to grow two fold to 1,100 planes by 2027

Mumbai: The passenger aircraft fleet in the country is set to nearly double to 1,100 planes by 2027, from around 600 at present, a global aircraft leasing firm said.

Ireland-headquartered leasing company Avolon has also said 75 per cent of the jets in the existing fleet are currently narrow-body or single-aisle planes.

Wide-body jets, also called twin-aisle planes, which are primarily used for long-haul and ultra long-haul operations, account for 11 per cent of the existing fleet and the rest 14 per cent are regional jets, it said.

"Avolon forecasts that India's current passenger fleet will double to almost 1,100 aircraft by 2027 with the total value of aircraft to be delivered over the next 10 years, at current list prices, projected to be $60 billion," it said.
17/07/18 News Today