Kuwaiti company Aviation lease and Finance Company or AlAFCO and Air India have entered into an agreement; the airline will take 14 Airbus A320neo aircraft starting from next year.
The new fleet of aircrafts was expected to help improve the profitability of Air India operations and it more fuel efficient variant of A320 family of Airbus aircraft. This aircraft burns 15% less fuel and also reduces noise and emissions.
The agreement was signed during the India Aviation’16 in Hyderabad by Ashwani lohani, Chairman and managing director of Air India and Ahmad Al Zabin, the vice president and Chief Executive Officer of AlAFCO. Senior executives of Airbus Industry were also present on the occasion.
Terming the partnership with AlAFCO as “very important for Air India”, Mr lohani said, “The A320 Aircraft will add strength to our existing fleet”. This will increase the capacity of Air India in domestic market.