IndiGo announced that it is in the process of inducting four A321ceo aircraft to begin full freight operations in the first half of next year.
A letter of intent (LoI) has already been signed with a lessor for two aircraft, and IndiGo anticipates reaching an agreement for the next two soon. The initiative would capitalize on the inherent synergies that IndiGo provides by using the same pool of pilots and engineers that fly and operate the airline’s current fleet,” the airline said in a statement.
“CarGo has been a success story over the last year, reaching new heights and setting new milestones, but our faith in the cargo industry extends beyond the current special circumstances. IndiGo was already the largest cargo carrier in domestic India before Covid-19, and we expect the industry to expand further after the pandemic. Our investment in the Airbus Freighter Programme will help improve our product and services in the segment, not only accelerating our business recovery but also serving as a strong engine of economic growth for the country,” said Ronojoy Dutta, IndiGo’s chief executive officer, and whole-time director, as quoted in the statement.
The airline stated that its first freighter, which will be used for both domestic and international missions, will be delivered in the first half of 2022. The remaining three aircraft in the initial commitment are scheduled to arrive within a year or so of our first freighter’s arrival, and additional aircraft could be sourced based on market growth.
According to the airline, the A321P2F (Passenger-to-Freighter conversion) is the most powerful narrow-body freighter available, with 24 container positions and a payload capacity of up to 27 tonnes. InterGlobe Aviation, which operates IndiGo, fell 3.24 percent to Rs 1,529.70, while SpiceJet fell 5.93 percent to Rs 61.90. On a year-to-date basis, the stocks have dropped 11% and 35%, respectively. Airline shares fell on Monday, along with more than 2,000 other stocks on the BSE, as lockdowns and the deteriorating health crisis fueled concerns that people will fly by airless now.