SP's Airbuz - - News Briefs -

As of May 2018, the com­bined in-ser­vice fleet of In­dian car­ri­ers is 588. The av­er­age age of air­craft in ser­vice is 7.1 years. In the past 10 years, the to­tal fleet size has grown at an av­er­age rate of 4.8 per cent per an­num. Over 440 air­lin­ers in In­dia are on op­er­at­ing lease, spread among 43 lessors, mak­ing In­dia one of the most di­ver­si­fied leas­ing mar­kets. Around 76 per cent of the fleet are on op­er­at­ing lease, which is high­est in the world. Avolon is the largest lessor with 53 air­craft in In­dia. GE Cap­i­tal Avi­a­tion Ser­vices is ranked sec­ond with 39 planes fol­lowed by DAE Cap­i­tal with 33. The 10 largest lessors in the mar­ket ac­count for around 60 per cent of the leased fleet. Over the decade, do­mes­tic pas­sen­ger de­mand is fore­cast to grow at an av­er­age an­nual rate of 9.6 per cent, while in­ter­na­tional pas­sen­ger traf­fic growth is ex­pected to be 8.3 per cent. In­dia’s cur­rent pas­sen­ger fleet will dou­ble to al­most 1,100 air­craft by 2027 with the to­tal value of air­craft to be de­liv­ered over the com­ing 10 years pro­jected to be $60 bil­lion at cur­rent list prices.

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