Monday, May 06, 2019

Air India sets aside Rs 500 cr to get 19 of its grounded pass

To meet the high demand and raise its market, national carrier Air India has earmarked Rs 500 crore to get 19 of its grounded passenger jets back into operations.
Currently, it has 19 aircraft grounded due to various reasons, the most prominent amongst them being expensive spare parts and engine overhauls. However, an increase in demand due to the peak travel season along with industry’s capacity constraint has led the airline to earmark at least Rs 500 crore for the grounded fleet.
 “This is an opportune time to raise our market share and meet the healthy demand. All our assets (aircraft) have been deployed strategically. But we still have more aircraft which are grounded,” a senior Air India official said. “We expect at least two aircraft to join the fleet within days. Addition of other aircraft will aide us to augment our market share.”
 Notwithstanding the fresh funds, the official said all grounded aircraft are unlikely to become operational before August. Over 10 Airbus A320s and the rest Boeing 787-800s Dreamliner and a few Boeing 777s have been grounded.
 Air India’s fleet augmentation is also in line with the government’s request to airlines to advance their aircraft induction plans.
 06/05/19 Mumbai Mirror
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