Monday, February 21, 2011

Kinfisher Drops AirBus 380 Acquisition Plans

Owing to changes market priorities and compulsions the Kingfisher Airlines has decided to change its Aircraft acquisition plan with emphasis now on less bigger aircraft. Due to changed market circumstances the Airlines has decided to double its fleet size from 66 to 137 aircraft by the year 2015-16 but this has to be implemented sans the much publicized Airbus 380s induction.During the 2011-12 financial year the Kingfisher airlines  plans to add nine aircraft - six A320s, two A330s and one ATR. Of these Aircraft, the airline will take eight directly from the market. It plans to add 14 aircraft in 2012-13, 20 in 2013-14, 16 in 2014-15 and 13 in 2015-16.

At present the Kingfsiher Airlines is the the second-largest airline in India in terms of passengers carried and operates around 375 flights a day to 71 destinations in India and worldwide. But it is the lone listed carrier that has not turned even with reporting a net loss of around Rs 1,647 crore year ended March 2009.Hence the airlines is on damage control mode by phasing out Food Options In LCC model Kingfisher Red and also aims to phase out highly paid foreign pilots in the  coming financial year. and operate leased aircraft besides outsourcing maintenance functions.

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