Indian carriers seen buying more aircraft

New Delhi: Pointing out that the operating environment for Indian carriers is looking “increasingly positive”, the Centre for Asia Pacific Aviation (CAPA) on Friday indicated that it expects domestic airlines to soon place orders for new aircraft.
In the Mid-year outlook for Indian carriers, the Centre has indicated that while IndiGo is looking to acquire up to 150 aircraft, SpiceJet is looking to acquire 47 while Air India is planning to lease 10 Airbus A-330 apart from several Airbus A-320 and ATRs.
“CAPA expects that the Board (of SpiceJet) will shortly approve a new order for approximately 47 firm aircraft and 47 options. The airline plans to expand its operations in the south Indian market and focus on launching international sectors with a 4-5 hours flying time radius.
The Centre feels that in light of the improved internal and external environment, SpiceJet was expected to achieve a profit of $45-55 million in fiscal 2010-11.
10/07/10 Business Line

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Categories: Indian Aviation- In General Jul 2010