Kingfisher Airlines says plans to lease aircraft

New Delhi: Kingfisher Airlines plans to lease both wide body and narrow-body aircraft until deliveries of new planes begin in 18 months, Chairman Vijay Mallya said.
Mallya told reporters on the sidelines of the International Air Transport Association's annual meeting in Singapore that he saw demand increasing on both international and domestic routes.
Asked if Kingfisher's current capacity was enough to cater to projected demand, he said: "Not quite, that is why we are looking for leased capacity."
"Kingfisher at one time had several aircraft that were on order from Airbus for delivery in 2010 and 2011. During the 2008-2009 crisis, I actually postponed the delivery of those aircraft to 2012 and 2013.
"So right now we are looking for capacity but our own new deliveries will start in about 18 months."
He said he was looking to lease both narrow-body and wide-body aircraft.
"We have been experiencing for the last six months unprecedented load factors, which I have never seen in the last six years," Mallya said.
"We are running at mid to high 80% on every flight, which is extremely healthy."
06/06/11 Moneycontrol.com

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

Categories: Kingfisher Jun 2011