Wednesday, July 26, 2006

Indian plans to lease 16 aircrafts for expansion

After 43 aircrafts being bought from Airbus for USD 2 billion, public sector carrier Indian is leasing 16 aircrafts to compete more aggressively in the booming aviation market.
Of the 16 aircraft being leased, 12 are wide-bodied aircraft which could help in substantial additional capacity.
Indian has already received four bids for dry lease of wide-bodied aircraft. The airline is also working out plans for short-term lease of four Airbus A320 aircraft.
Indian now deploys only 36 aircraft as many planes are undergoing maintenance. The fleet utilisation will be increased by one aircraft per month to 42 aircraft by January.
Deploying more aircraft will help Indian in competing on a strong footing with private sector rivals. 26/07/06
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