Air India will lease five Airbus aircraft from China Aviation Leasing Group Holdings for 10-12 years as it looks to bump up the efficiency of its fleet, which has been struggling with engine problems of late. Notably, eight of its old aircraft have been grounded over the past few months.
A senior Air India official told FE the carrier will get five Airbus A320 CEO (current engine option) aircraft from the leasing company by February 2015, reports Financial Express.
According to industry sources, the airline will pay about $300,000 per aircraft per month as leasing fees.
“These aircraft will be used on the domestic routes on the all-economy configuration,” the Air India official said.
The national carrier, whose on-time performance (OTP) during September-October, fell below 80% on key routes in the domestic sector, and below 70% on some international routes, is looking to improve operational performance by introducing newer planes on some of the existing routes.