India is one of the fastest growing aviation markets in the world and most airlines have ambitious expansion plans, especially to tap the potential on regional routes.
As per data available with the civil aviation ministry, budget airlines IndiGo, SpiceJet, GoAir and AirAsia are set to significantly expand their respective fleet sizes.
Also Read
With an existing fleet of 150 planes, IndiGo is readying to add another 448 aircraft -- 399 A320s and 49 ATRs -- in the next seven to eight years.
Competitor SpiceJet too is in the process of expanding its current fleet of 57 aircraft. The no-frills airline would be adding 107 B737-800s and 50 Bombardier Q400s during the 2018-2023 period.
Another budget carrier GoAir, which is yet to take off on overseas routes, would induct 119 A320 planes during the period from 2018-2022. At present, its fleet size is 34.
According to the data, which was recently submitted to Parliament as part of a Lok Sabha written reply, AirAsia India would induct 60 planes in the next five years. Currently, the budget carrier has 14 aircraft.
Legacy carrier Jet Airways -- which has 107 aircraft -- would take 81 B737-8 MAX planes during 2018-2024 period. It would also add five B737-800s this fiscal ending March 2018, as per the data.
Disinvestment-bound Air India would induct three B777- 300ER and 16 A320 planes between December this year and March 2019. The national carrier has 155 aircraft at present.
Among others, full service carrier Vistara would induct five aircraft next year that would expand its current fleet of 17 planes.
TruJet, which now has four planes, would add six aircraft each year from 2018-2022. These would be ATR72-500/600, the ministry data showed.
After starting services this year, Zoom Air has placed orders for five CRJ-200 and 14 CRJ-900 planes. At present, it has two planes.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)