New Delhi: India's privately owned Kingfisher Airlines Ltd. will order aircraft worth Rs 200 crore at the Dubai Air Show, the group's chief financial officer confirmed on Friday.
Kingfisher will order 30 jets and 20 Turboprop aircraft from ATR, the jet maker controlled by EADS.
Kingfisher, named for the best-selling beer brand from United Breweries Ltd., has quickly cornered a significant share of the domestic aviation market with its competitive fares and features such as personal in-flight entertainment systems.
The carrier, headed by flamboyant entrepreneur Vijay Mallya, purchased 15 Airbus aircraft worth Rs 300 crore at the Paris Air Show in June, including five of the mammoth A380 planes.
Indian carriers are furiously expanding their fleets as cut-rate prices have resulted in soaring demand.
Kingfisher, along with other airlines such as Jet Airways Ltd. and state-run Indian Airlines, has emerged as major aircraft buyers.
India's aviation minister Praful Patel said on Friday that he expects the sector to grow by 25-30 per cent and expand at 25 per cent a year for the next five years as incomes rise and air travel becomes more affordable.
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