Fiscal 2019 Likely to See More Aircraft being Added in the Domestic Sector | CORPORATE ETHOS

Fiscal 2019 Likely to See More Aircraft being Added in the Domestic Sector

By: | January 31, 2018

Jan 31: The upcoming fiscal is set to witness a rise in the number of aircraft being added to the Indian skies. Up to 130 aircraft are expected to be added in the domestic sector, paving the way for more fliers to be accommodated.

Reports quoting the aviation consulting and research firm CAPA said airlines will fly more than 150 million domestic passengers in the fiscal 2019.

IndiGo, the country’s largest airline by market share, is expected to lead the capacity addition by bringing in around 60 planes to its current fleet. With this the company’s fleet will go up to 230 aircarft. GoAir, SpiceJet and Jet Airways will also be seen upgrading their fleet with 17, 16 and 8 new aircraft respectively.

Domestic passenger numbers are expected to cross the 150-million mark in financial year 2019, reports added. However, it has been said that the growth rate in the international route will be slower when compared to that of the domestic sector.

In FY19, the international traffic will increase to 70-75 million passengers from the estimated 65 million by the end of March 2018.

Earlier, CAPA had estimated a loss of US$ 350-420 million in the domestic aviation industry in the fiscal year ending 2018. The estimate extended to US$ 450 million, due to the challenging circumstances that Air India and Jet Airways, the full service carriers (FSCs), were pushed to.