406 planes are in fleets of airlines in India: LS told

New Delhi: A total of 406 aircraft are in the fleet of eight scheduled airlines in the country, most of which were suffering losses, Lok Sabha was told today.
While Air India and its subsidiaries jointly had a fleet of 137 planes, Jet and JetLite together have 113 aircraft. These two airlines were followed by IndiGo with a fleet of 72, SpiceJet with 57 and GoAir 17, Minister of State for Civil Aviation K C Venugopal said in reply to a question.
While IndiGo reported a profit of Rs 7,957 crore in 2012 -13, Air India suffered the maximum loss of about Rs 29,800 crore. SpiceJet's loss was estimated at Rs 2,798.2 crore and JetLite Rs 1,226 crore, he said.
The losses were caused mainly by global economic slowdown, poor financial health of the domestic airline industry, widening gap between revenue and expenditure and depreciation of the rupee, apart from high taxes, he said.
Read news in full 12/12/13 Press Trust of India/Business Standard