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Air India signs pact for leasing 14 Airbus A320neo aircraft

Air India signed an agreement for leasing 14 Airbus A320neo aircraft with ALAFCO, a Kuwait-based leasing company. The delivery of aircraft is likely to start from early next year. The agreement was signed on the inaugural day of India Aviation 2016, the country’s largest aviation conference and exhibition. Air India Ashwani Lohani, CMD and Ahmad Al Zabin, ALAFCO Vice Chairman and CEO signed the agreement.”This induction will augment Air India’s capacity in domestic market.

Air India already has strong infrastructure maintenance facilities for the Airbus A320 family,” the state-owned carrier said in a statement.”This is a very important partnership for Air India. The A320 aircraft will add strength to our existing fleet and enhance our role as a major player in the domestic market,” said Lohani. The A320neo aircraft will come fitted with the new generation CFM leap engines which will reduce noise and emissions, enhance the operational efficiency and reduce fuel consumption by at least 15 percent while offering the passengers the best in class comfort. Meanwhile, IndiGo displayed its first A320neo on the inaugural day of the aviation show. The aircraft was delivered on March 11 after a direct flight from Toulouse to Delhi International airport lasting over eight hours, the company said in a statement.