India’s Air One Aviation Pvt. is seeking $2 billion of jets to take on
Singapore Airlines Ltd.’s (SIA) venture in the country, stoking
competition in a market where carriers lost almost $10 billion in seven
years.
Air One, among six companies that last month got initial approval to start airlines in India, is looking at Airbus Group NV’s (AIR) A320s and Boeing Co.’s (BA) 737s, its director Alok Sharma said in an interview yesterday. At list prices, 20 Boeing 737-900ERs cost $1.98 billion, although airlines typically get discounts.
“You can’t start with one plane and wait for another six months to get the next one,” Sharma said in his office near New Delhi’s airport, adding Air One plans to provide full-service flights from mid-2015. “The launch will be decided by availability of aircraft in a contiguous manner.”
Sharma, undeterred by one of the world’s costliest aviation markets, said he sees growing demand for air travel and reduced capacity because some airlines in India are struggling. Singapore Airlines -- partnering with the Tata Group -- plans to fly its full-service Indian venture Vistara this year. AirAsia (India) Pvt. began operating a low-cost carrier in June.
Read news in full 28/08/14 Bloomberg.com
Air One, among six companies that last month got initial approval to start airlines in India, is looking at Airbus Group NV’s (AIR) A320s and Boeing Co.’s (BA) 737s, its director Alok Sharma said in an interview yesterday. At list prices, 20 Boeing 737-900ERs cost $1.98 billion, although airlines typically get discounts.
“You can’t start with one plane and wait for another six months to get the next one,” Sharma said in his office near New Delhi’s airport, adding Air One plans to provide full-service flights from mid-2015. “The launch will be decided by availability of aircraft in a contiguous manner.”
Sharma, undeterred by one of the world’s costliest aviation markets, said he sees growing demand for air travel and reduced capacity because some airlines in India are struggling. Singapore Airlines -- partnering with the Tata Group -- plans to fly its full-service Indian venture Vistara this year. AirAsia (India) Pvt. began operating a low-cost carrier in June.
Read news in full 28/08/14 Bloomberg.com
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