Edition:
India

Interglobe Aviation Exec Says Q4 Off To Weak Start Due To Engine Changes


Monday, 27 Jan 2020 

Jan 27 (Reuters) - Interglobe Aviation Ltd Exec ::IMPROVEMENT IN YOY UNIT REVENUE WILL BE A CHALLENGE.SHOULD BE ABLE TO IMPROVE AIRCRAFT UTILISATION FROM JUNE 2020.AIRCRAFT UTILISATION HELD BACK DUE TO ENGINE CHANGES, PILOT TRAINING.EXPECT MAINTENANCE COST TO IMPROVE FROM FY21 FISCAL.50% OF ADDITIONAL CAPACITY TO BE DEPLOYED ON INTERNATIONAL ROUTES.REPLACED BOTH UNMODIFIED PRATT & WHITNEY ENGINES ON ABOUT 60% OF AFFECTED AIRBUS A320NEO FLEET OF OVER 100 PLANES.Q4 IS OFF TO A WEAK START BECAUSE OF THE ENGINE CHANGES.HAD SOME DELAY IN PLANE DELIVERIES FROM AIRBUS.EXPECT TO GROW AIRCRAFT UTILISATION TO ABOVE 13 HOURS FROM ABOUT 12.2 HOURS CURRENTLY.EXPECT ALL USED AIRBUS A320CEO PLANES TAKEN ON SHORT TERM LEASE TO BE RETURNED BY DEC 2022.IN DISCUSSION WITH QATAR AIRWAYS TO EXPAND CURRENT ONE-WAY CODE SHARE AGREEMENT.SAYS WILL ASSESS CANCELLATIONS OVER NEXT 2-3 DAYS BEFORE DECIDING WHETHER TO PULL CAPACITY FROM CHINA DUE TO VIRUS.