Air India fleet requirement review may look at acquisition of up to 100 air craft
07 Nov 2007
New Delhi: A fleet requirement review by the newly constituted National Aviation Company of India (NACIL), currently underway and expected to be over this Wednesday, may well recommend the acquisition of up to 100 aircraft by merged carrier Air India. The new fleet requirement would be for the five-year period beginning 2011.
The requirement for 100 aircraft may be argued for assuming a Compounded Annual Growth Rate (CAGR) of 12 per cent in international traffic and 15 per cent in the domestic traffic, according to company sources.
Apart from the growth in the domestic and international markets, what is also being kept in mind, when deciding on aircraft requirements, are the sixth freedom operations rights that rest with Air India.
The sixth freedom rights allow an airline to pick passengers from a country other than its origin and carry them to a third country.