Private carriers order 50 aircraft worth $7 billion

Indian private sector carriers Jet Airways and Kingfisher Airlines dominated the Paris Air Show on Tuesday announcing orders worth $7 billio...

Indian private sector carriers Jet Airways and Kingfisher Airlines dominated the Paris Air Show on Tuesday announcing orders worth $7 billion (around Rs 30,000 crore). While Jet ordered 30 new aircraft with 20 options worth $4.5 billion, Kingfisher is buying 20 new aircraft worth $2.5 billion.

The orders highlighted the growing demand for air travel in India which along with China and Middle East, airline executives say, will power a rebound in global aircraft manufacturing that began last year.

“India is today one of the world’s most promising markets,” John Leahy, chief commercial officer at Airbus, said.

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The acquisitions are expected to intensify the fierce marketing war in Indian aviation. With 800 flights and 185 aircraft already in the Indian skies, air fares are set to take a further dive.

Jet signed the agremeent with Boeing and Airbus to acquire 30 aircraft, besides having options for 20 more aircraft that includes six Boeing 777-200 LRS (long range), four Boeing 777-300 ERS (extended range) and 10 Boeing 737-800s ngs (next generation). It can also opt for 10 more additional Boeing 777s, the airline said in a release.

The 777s, which would be delivered beginning late 2006, would be used to operate non-stop flights between India and the US while the 737s would be delivered in early 2006. The airline also signed ten A330-200/300 aircraft with options for ten more.

Jet’s rival Kingfisher Airlines said it planned to spend about $2.5 billion for “multiple wide-bodied aircraft” from Airbus, including its mammoth 555-seat A380 model, the world’s biggest airliner.

One more private airline to take off

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MUMBAI: New private firm Paramount Airways on Tuesday announced plans to launch domestic operations in August and said it clinched a deal with Brazilian manufacturer Embraer for five aircraft at a list price of $138 million. MD M. Thiagarajan said five Embraer jet planes of 170 and 175 series would be connecting a number of secondary cities to the major metros. — ENS

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