Domestic aviation industry sees 20% less aircraft acquisition

Mumbai: The Indian aviation industry, hit by the global economic meltdown and mounting losses, acquired 20% less aircraft in the first nine-months of CY 09 at 132 aircraft as against 164 aircraft in the year-ago period, according to DGCA data.
The directorate general of civil aviation's monthly statistics on registration of new aircraft, deregistration and change of ownership of aircraft shows that so far this year only 132 new aircraft have been added by domestic scheduled and non-scheduled operators.
In contrast in the January-September 2008 period, 164 aircraft were registered by the aviation industry regulator. At the same time, the regulator deregistered 21 more aircraft this year at 45 aircraft as against 24 in the same period in 2008.
An aircraft is deregistered by the DGCA when it does not operate in the country. Most of the 45 de-registered aircraft were returned by domestic airlines, which face $1.5 billion loss in the current financial year.
Leading the pack was Vijay-Mallya-owned private air-carrier, Kingfisher Airlines, which returned 13 aircraft to lessors in this period, owing to mounting losses and capacity reduction. National air-carrier, Air India, returned nine planes during this period but also added 16 new ones to its fleet.
25/10/09 PTI/Daily News & Analysis

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Categories: Indian Aviation- In General Oct 2009