IndiGo to lease Boeing widebody jets to plug gaps amid travel demand | Travel

Bloomberg | | Posted by Zarafshan Shiraz

IndiGo plans to fly larger Boeing Co planes. of another airline as it tries to cover capacity gaps amid an increase in travel demand.

India’s largest airline said in a statement on Monday that it is working to finalize a contract to bring in Boeing 777 aircraft on a so-called lease basis for the winter schedule. Wet leasing refers to the practice of leasing an aircraft, along with the crew to fly the aircraft and provide onboard services.

IndiGo did not say how many 777s would be involved or from which airline. A person familiar with the matter said India’s Directorate General of Civil Aviation has given the green light to IndiGo to lease six 777s from Turkish Airlines for three months, with an option to extend the deal.

The move comes after India’s Ministry of Civil Aviation ruled that Indian carriers can lease long-haul aircraft for a year based on the international routes they plan to fly, up from six months previously.

IndiGo representatives declined to comment. A spokesman for the Civil Aviation Ministry did not immediately respond to a request for comment.

India’s government is pushing local carriers to expand their fleets of wide-body aircraft to better compete on international routes with Emirates and Etihad Airways PJSC, which dominate overseas travel to and from the country through their hubs in Dubai and, respectively, Abu Dhabi.

In India, only Air India Ltd. and Vistara, the Indian affiliate of Singapore Airlines Ltd., fly most long-haul routes.

For India, establishing air links with Turkey has been controversial in the past. Former Turkish Airlines chairman Ilker Ayci earlier this year stepped down as chief executive of Air India after facing political opposition given Turkey’s strained relations with India.

IndiGo chief executive Pieter Elbers lamented the impact global supply chain disruptions had on aircraft production, saying it was affecting the airline’s ability to fully deploy capacity. IndiGo is looking to extend some of its existing leases and use leases to meet the shortfall, he said on an earnings call earlier this month.

This story was published from a television agency feed with no text changes. Only the title has been changed.

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