Air India and SpiceJet boost fleet amid high year-end demand
AVIATION & AIRPORTS

Air India and SpiceJet boost fleet amid high year-end demand

During the festive season and the approaching year-end rush in passenger traffic, both Air India and SpiceJet are scaling up their capacities to meet the high demand.

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing, revealed the delivery of the first batch of six Airbus A320neo aircraft to Air India. Concurrently, SpiceJet added five leased Boeing 737s to its fleet, including three 737 MAX aircraft, showcasing the airline's commitment to expanding and diversifying its flight services, as mentioned in their statement.

This development follows SpiceJet's recent introduction of three leased Boeing 737s, including one 737 MAX, emphasising the airline's determination to broaden its services. Campbell Wilson, Chief Executive Officer and Managing Director of Air India and Chairman of Air India Express, had stated in October that the Air India Group plans to acquire one new aircraft every six days on average until the end of 2024.

Despite a 10% increase in airlines' capacity deployment in September 2023 compared to September 2022, the capacity remained 0.5% lower than pre-Covid levels, according to a report by ICRA. This growth has been hindered by ongoing supply chain and manufacturing challenges, impacting aircraft manufacturers' delivery schedules. Boeing, for instance, announced on October 25 that it would adjust its delivery goal for Boeing 737 (MAX) aircraft, aiming to deliver 375-400 planes in 2023, down from the earlier target of 400-450 airplanes, due to these challenges.

During the festive season and the approaching year-end rush in passenger traffic, both Air India and SpiceJet are scaling up their capacities to meet the high demand.CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing, revealed the delivery of the first batch of six Airbus A320neo aircraft to Air India. Concurrently, SpiceJet added five leased Boeing 737s to its fleet, including three 737 MAX aircraft, showcasing the airline's commitment to expanding and diversifying its flight services, as mentioned in their statement.This development follows SpiceJet's recent introduction of three leased Boeing 737s, including one 737 MAX, emphasising the airline's determination to broaden its services. Campbell Wilson, Chief Executive Officer and Managing Director of Air India and Chairman of Air India Express, had stated in October that the Air India Group plans to acquire one new aircraft every six days on average until the end of 2024.Despite a 10% increase in airlines' capacity deployment in September 2023 compared to September 2022, the capacity remained 0.5% lower than pre-Covid levels, according to a report by ICRA. This growth has been hindered by ongoing supply chain and manufacturing challenges, impacting aircraft manufacturers' delivery schedules. Boeing, for instance, announced on October 25 that it would adjust its delivery goal for Boeing 737 (MAX) aircraft, aiming to deliver 375-400 planes in 2023, down from the earlier target of 400-450 airplanes, due to these challenges.

Next Story
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?