Kingfisher to add to fleet by Oct; sees FDI rule ease

Kingfisher Airlines plans to add eight leased aircraft to its fleet by October this year to expand capacity in the wake of growing air traffic, the firm said in an investor presentation made earlier in January.
Of the eight aircraft, six will be narrow-body Airbus A320 models and two will be the wide body Airbus A330s, the presentation said.
Kingfisher currently has a fleet of 66 aircraft, including 34 Airbus A320s.
Kingfisher is second in market share in India along with IndiGo, according to government data, with identical market share of 18.6%. The Jet Group is the largest Indian domestic carrier with 25.4% market share.
India's domestic passenger traffic grew 18.7% through January to December last year led by a burgeoning middle class in Asia's third largest economy.
Rival airlines have lined up ambitious expansion plans. Earlier this month, budget carrier IndiGo placed the largest jet order in commercial aviation history at USD 15.6 billion to buy 180 planes from Europe's Airbus.
28/01/11 MoneyControl.com

To Read the News in full at Source, Click the Headline

Categories: Kingfisher Jan 2011