ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • E: Independence Day 2022 - PM Modi Speech From Red Fort - Watch Streaming | KNOW TOP POINTS, IMPORTANT QUOTES
  • Rakesh Jhunjhunwala Akasa Airline: What will happen to India's newest airline - founded by Big Bull?
  • Stock market holiday today: NSE, BSE to stay close on Independence Day; settlement holiday tomorrow
  • Happy Independence Day 2022: How to download, send WhatsApp GIFs, Stickers, Status and more
  • Independence Day 2022: Joe Biden calls India, US 'indispensable partners'
Read in App
Business News » India News

Air India plan: Rs 500 crore earmarked to get grounded aircraft operational

"This is an opportune time to raise our market share and meet the healthy demand. All our assets (aircraft) have been deployed strategically. But we still have more aircraft which are grounded," a senior Air India official told IANS from Mumbai.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Air India plan: Rs 500 crore earmarked to get grounded aircraft operational
Air India`s fleet augmentation is also in line with the government`s request to airlines to advance their aircraft induction plans, Photo: Reuters

To meet high demand and raise its market, national carrier Air India has earmarked Rs 500 crore to get 19 of its grounded passenger jets back into operations.

Currently, the national passenger carrier has 19 aircraft grounded due to various reasons most prominent amongst them being expensive spare parts and engine overhauls.

However, an increase in demand due to the peak travel season along with industry`s capacity constraint has led the airline to earmark at least Rs 500 crore for the grounded fleet.

"This is an opportune time to raise our market share and meet the healthy demand. All our assets (aircraft) have been deployed strategically. But we still have more aircraft which are grounded," a senior Air India official told IANS from Mumbai.

"We expect at least two aircraft to join the fleet within days. Addition of other aircraft will aide us to augment our market share."

Notwithstanding the fresh funds, the official said that all grounded aircraft are unlikely to become operational before August.

Over 10 Airbus A320s and the rest Boeing 787-800s Dreamliner and a few Boeing 777s have been grounded.

Air India`s fleet augmentation is also in line with the government`s request to airlines to advance their aircraft induction plans.

As of 2019, Air India Group -- Air India, Air India Express, Alliance Air -- have a combined fleet of over 160 aircraft which fly to 122 destinations, including 78 domestic and 44 international destinations. 

Additionally, the airline plans to hire more cabin crew and pilots. The plan envisages the airline to hire over 200 cabin crew from the now grounded Jet Airways.

"We have already finalised 150 crew from Jet Airways," the official added.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Air IndiaAviation
Written By: IANS
Updated: Sun, May 05, 2019
10:31 am
Mumbai, IANS
RELATED NEWS
Air India plans to bring back 10 wide-body aircraft into its fleet Air India plans to bring back 10 wide-body aircraft into its fleet
Air India's Dubai-Cochin flight grounded as it reports pressure loss Air India's Dubai-Cochin flight grounded as it reports pressure loss
Ripudaman Singh Malik, acquitted in 1985 Air India bombing, shot dead in Canada Ripudaman Singh Malik, acquitted in 1985 Air India bombing, shot dead in Canada
Air India alerts people about hoax communication; link offering Rs 6000, fake, says company Air India alerts people about hoax communication; link offering Rs 6000, fake, says company
CCI approves proposed acquisition of AirAsia India by Air India CCI approves proposed acquisition of AirAsia India by Air India

LATEST NEWS

PM Modi speech top quotes: Freedom fighters, corruption, respecting women, India first and more—What he said from Red Fort

Stock market holiday today: NSE, BSE to stay close on Independence Day; settlement holiday tomorrow

Raksha Bandhan box office collection: How Akshay Kumar's movie fared on Day 3; know latest update on Aamir Khan-starrer Laal Singh Chaddha

Delhi weather forecast: Cloudy sky, light rains likely on Independence Day 2022

Elon Musk pitches lofty goals in magazine run by China's Internet censorship agency

Happy Independence Day 2022: How to download, send WhatsApp GIFs, Stickers, Status and more

Noida Traffic Advisory for Independence Day: 15 August - Routes that will remain closed, timing of closure – full details

Eknath Shinde Cabinet Ministers list: Who gets what? - know details here

Stock Market Holiday Today 15 August 2022: NSE, BSE to remain closed today

Gujarat Police salary hike news: Rs 550 crore sanctioned for salary increase, increment on Independence Day 2022

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV