Thursday, March 03, 2005
Aircraft Shortage
The airline industry in India is witnessing a sudden shortage of new generation aircraft for leasing, resulting in a spurt in leasing rates.
According to Kapil Kaul, Chief Executive Officer (India and West Asia) of the Centre for Asia-Pacific Aviation (CAPA), the sudden shortage of new generation aircraft for leasing, especially the 737-800s and A320s is a worrying factor for the industry. "Lease charges have been going up by 15 per cent to 20 per cent," Kaul said.
He said the lease charges of a 737-700s and 800s and range between $275,000 and $300,000 per month. According to CAPA, India will have around 400 commercial planes by 2010 compared with 175 currently. Within the next two years, the country will have 100 more planes. This year alone we will see airlines placing orders worth $10 billion from Airbus and Boeing. This is nearly one-third of the total number of aircraft sales worldwide.
More here.
- posted by katongking @ 11:31 am
The airline industry in India is witnessing a sudden shortage of new generation aircraft for leasing, resulting in a spurt in leasing rates.
According to Kapil Kaul, Chief Executive Officer (India and West Asia) of the Centre for Asia-Pacific Aviation (CAPA), the sudden shortage of new generation aircraft for leasing, especially the 737-800s and A320s is a worrying factor for the industry. "Lease charges have been going up by 15 per cent to 20 per cent," Kaul said.
He said the lease charges of a 737-700s and 800s and range between $275,000 and $300,000 per month. According to CAPA, India will have around 400 commercial planes by 2010 compared with 175 currently. Within the next two years, the country will have 100 more planes. This year alone we will see airlines placing orders worth $10 billion from Airbus and Boeing. This is nearly one-third of the total number of aircraft sales worldwide.
More here.
- posted by katongking @ 11:31 am
