+
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
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?