Bengaluru: National carrier Air India expects the 40 odd new airplanes that it plans to induct over the next two years would help regain lost market share in the domestic market against private players such as IndiGo and Spicejet.
It plans fresh orders of 10 Airbus 320 aircraft to increase capacity, in addition to the 30 aircraft from the European plane maker it has placed orders with.
Ashwani Lohani, chairman and managing director of Air India, said: "On the domestic side we have not been able to add capacity till now. In the next one year there is going to be huge induction in domestic capacity by us. Today we have 55 aircraft and connect 68 domestic destination, where as our nearest competition has 100 aircraft connecting just 38 destinations. With fleet expansion will have much more coverage and capacity. We will regain our market share."
Air India, once a dominant player in India's aviation market has a 16% share in carrying passengers as on June. It had reported losses of Rs 246 crore for the June quarter.
03/10/16 Apurva Venkat/Business Standard
To Read the News in full at Source, Click the Headline
It plans fresh orders of 10 Airbus 320 aircraft to increase capacity, in addition to the 30 aircraft from the European plane maker it has placed orders with.
Ashwani Lohani, chairman and managing director of Air India, said: "On the domestic side we have not been able to add capacity till now. In the next one year there is going to be huge induction in domestic capacity by us. Today we have 55 aircraft and connect 68 domestic destination, where as our nearest competition has 100 aircraft connecting just 38 destinations. With fleet expansion will have much more coverage and capacity. We will regain our market share."
Air India, once a dominant player in India's aviation market has a 16% share in carrying passengers as on June. It had reported losses of Rs 246 crore for the June quarter.
03/10/16 Apurva Venkat/Business Standard
0 comments:
Post a Comment