Indian airlines, private operators likely to add 1,000 aircraft

New Delhi: Indian airlines and private non-scheduled air operators are together likely to add around 1,000 aircraft and 250 helicopters over the next five years, according to Planning Commission estimates.
While the scheduled airlines are likely to add around 370 aircraft in their fleet, non-scheduled operators could induct 300 business jets, 300 small planes and 250 helicopters during this period, owing to heightened demand.
A working group set up by the plan body to formulate the 12th Plan for the civil aviation sector said the Indian carriers were anticipating a significant growth in air traffic, which is leading them to add around 370 aircraft worth about Rs 150,000 crore.
"Fleet expansion at this scale would require airlines to explore multiple funding options including capital markets, long-term borrowings and leasing," the group has said.
26/01/12 PTI/Economic Times

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Categories: Indian Aviation- In General Jan 2012