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New York (AirGuideBusiness - Business & Industry Features) Tue, Aug 13, 2013

Air India will lease Airbus A320 aircraft Air India will add Airbus A320 planes for the first time in three years as the carrier bailed out by the government seeks to cut costs and win marketshare. The state-owned airline has invited offers from lessors for as many as 19 A320s with sharklets on lease for six years, according to a tender document published on its website. The carrier last purchased A320s between 2006 and 2010, it said. Adding new narrow-body planes will help Air India reduce costs thatOs one of the conditions set by the government for approving a 300 billion rupees ($4.9 billion) bailout through 2020. The Mumbai-based carrier also faces competition from low-cost operators IndiGo that last year became IndiaOs biggest by marketshare and AirAsia thatOs due to start operations in the South Asian nation this year. Low-cost carriers control more than 60 percent of IndiaOs domestic skies, according to data available with the Directorate General of Civil Aviation. Air India, the former monopoly carrier, had 18.9 percent share of the market in June behind IndiGo, Jet Airways and SpiceJet. AirAsia, which in March won an Indian panelOs approval to form an airline venture that includes the Tata group in the country, aims to start operations later this year. Tue, Aug 13, 2013 AirGuideBusiness ISSN 1939-666X

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Date:Aug 13, 2013
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