The induction of aircraft by Indian airlines fell to a four-year low in 2022, or 95% lower than 2021, resulting in high fares and raising concerns over the sustainability of record passenger growth in the domestic market.
Net fleet additions by airlines in 2022 shrank to just seven, compared to a net induction of 141 aircraft in 2021, according to government data seen by Mint. To be sure, while 82 planes were added in 2022, 75 were retired by airlines. Net additions were also lower compared to 2019 and 2020, when it stood at 35 and 45 aircraft.
Industry experts said capacity addition has been largely impacted by supply chain issues which delayed delivery of new aircraft, engines, and spare parts for IndiGo, Go First and Vistara. That apart, some carriers such as SpiceJet also faced financial issues and could not expand their fleet size.
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