Air India Express is set to have 110 aircraft by mid-October after transfers from Air India, while a retrofit programme will add further seating capacity.
Air India Express expands fleet and capacity through transfers and retrofits ahead of a larger winter schedule.
About 75% of the incremental borrowing capacity is expected to be used to finance aircraft through long-term finance leases, with the balance earmarked for capital expenditure and working capital.
Akasa Air has set up an aircraft leasing unit at Gujarat International Finance Tec-City. This move supports fleet expansion and aims to keep leasing business within India. Akasa joins other Indian carriers in utilizing GIFT City. This development is part of I…