The government on Thursday said national passenger carrier Air India will be inducting Airbus A320 aircraft into its fleet.
According to Minister of State for Civil Aviation Jayant Sinha, Air India's board has approved the A320 induction in two phases of 19 and 15 units, respectively.
"Out of 19 units, five have already arrived and for remaining 14 aircraft, agreement has been signed with M/s ALAFCO," Sinha said in a written reply to a question in the Lok Sabha during Question Hour.
"Out of next 15 units, for eight aircraft LOI (letter of intent) has been signed with the two lessors and the final agreement is in process."
The minister further said that induction of the remaining seven units is under process.
"Air India is also inducting on dry lease A320 narrow body aircraft as part of its fleet replacement and expansion plans for the narrow body fleet," Sinha added.
--IANS
rup-rv/dg
Disclaimer: No Business Standard Journalist was involved in creation of this content
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