French manufacturer Airbus on Thursday further strengthened its position in the Indian market as state-owned airline received its first A320 neo becoming the latest client of its popular single-aisle aircraft model.
Air India aims to have 29 A320 neo in its fleet by March 2019 out of which 14 will be delivered this year. While Air India has already tied up with three lessors — ALAFCO, GECAPS and CIT — for 22 planes, the process to select a bidder for the remaining seven such planes is underway.
Currently, Airbus has more than 200 aircraft in India and an order backlog of more than 520 Airbus A320neo, giving it a market share of more than 70 per cent in service. On an average, Airbus will deliver one aircraft each week over the next ten years.
“The A320 neo is a very popular aircraft due to its fuel efficiency, on an average it at least brings down fuel cost by 15 percent and helps an airline in saving money,” said Srinivas Dwarakanath, president, commercial aircraft at Airbus India according to whom Airbus is delivering one aircraft every week.
Market leader IndiGo along with low-cost carrier GoAir and full service airline Vistara are Airbus clients and have ordered the A320 neo aircraft. IndiGo in two tranches in 2011 and 2015 ordered 530 aircraft which includes 430 neo. In the Farnborough Air Show held in July last year, the manufacturer bagged an order of 72 A320 neos from GoAir.
“The India market is strategically important for us as it is growing at 20 percent per year and also many new flyers are being added, with newer single-aisle aircraft, airlines based in Delhi can serve "around two-thirds of the world’s population, " said Dwarakanth.
17/02/17 Arindam Majumder/Business Standard
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Air India aims to have 29 A320 neo in its fleet by March 2019 out of which 14 will be delivered this year. While Air India has already tied up with three lessors — ALAFCO, GECAPS and CIT — for 22 planes, the process to select a bidder for the remaining seven such planes is underway.
Currently, Airbus has more than 200 aircraft in India and an order backlog of more than 520 Airbus A320neo, giving it a market share of more than 70 per cent in service. On an average, Airbus will deliver one aircraft each week over the next ten years.
“The A320 neo is a very popular aircraft due to its fuel efficiency, on an average it at least brings down fuel cost by 15 percent and helps an airline in saving money,” said Srinivas Dwarakanath, president, commercial aircraft at Airbus India according to whom Airbus is delivering one aircraft every week.
Market leader IndiGo along with low-cost carrier GoAir and full service airline Vistara are Airbus clients and have ordered the A320 neo aircraft. IndiGo in two tranches in 2011 and 2015 ordered 530 aircraft which includes 430 neo. In the Farnborough Air Show held in July last year, the manufacturer bagged an order of 72 A320 neos from GoAir.
“The India market is strategically important for us as it is growing at 20 percent per year and also many new flyers are being added, with newer single-aisle aircraft, airlines based in Delhi can serve "around two-thirds of the world’s population, " said Dwarakanth.
17/02/17 Arindam Majumder/Business Standard
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