India’s largest Airline – IndiGo has now received deliveries of all Wet leased Airbus A320ceos. It signed an agreement with Smartlynx for wet leasing some aircraft.
Deliveries of Wet Leased Airbus A320ceos Completed
Asia’s largest Low Cost Carrier by fleet size is currently grappling with Engine Issues. Pratt and Whitney, a US based engine manufacturer has announced a defect in its PW1100 series engines. There is a powdered metal, which is causing contamination in the engines after a certain lifetime. IndiGo has many Airbus A320neo and Airbus A321neo jets being powered by the same series of engines.
As many as 40 jets are currently on ground. By March 2024, the airline expects 40 more jets to be grounded as engines will be removed from aircraft for technical visit to Pratt & Whitney workshop. October and November are crucial months for Indian Airlines as the festive season kicks in.
The Diwali season comes as a big source of revenue for airlines. With 1/6th of fleet grounded, IndiGo made a decision to wet lease some Airbus A320ceos.
Wet Lease Agreement with Smartlynx
To mitigate the capacity for the festive season, the airline decided to sign a wet lease agreement with lessor Smartlynx. The airline signed a deal for delivery of 11 Airbus A320ceos. The maintenance work of these Airbus A320ceos will be undertaken by no one other than Smartlynx itself as part of the agreement. Recently, Smartlynx invited for job interviews at Mumbai and Bengaluru for technicians.
All of these 11 jets have been delivered to IndiGo. The airline is deploying them on domestic sectors. These jets do not bear full IndiGo livery. They are painted in all white with an IndiGo Logo Sticker on the fuselage. The first aircraft registered as YL-LDD was delivered on 24th October 2023. Last one, YL-LDF was delivered 11 days ago on 20th December.
Here is a list of all the registrations wet leased by IndiGo :
Some of this aircraft are actually former IndiGo jets, which were redelivered by the airline to lessors, once the lease period was over.
To mitigate demand, the airline has extended leases of some of its Airbus A320neo aircraft. Usually, the Airbus A320neos are leased for a period of 6 years by IndiGo. However, because of engine issues, the airline has temporarily extended the lease agreement. Furthermore, the airline is also in talks to pick up more aircraf, this time directly from Second Hand market. Delivery of first aircraft expected in January month.
Not just IndiGo, even SpiceJet is using the same measures to mitigate capacity. SpiceJet is not facing any engine issues, it is actually facing cash crunch. It has signed wet leasing agreement with Turkish carrier Corendon Airlines to wet lease some Boeing 737 MAX and Boeing 737NG jets.
It also has an Airbus A340 registered as YR-LRD on wet lease from Romanian Legend Airlines. The airline earlier used this aircraft for Hajj flights and later used it for repatriation flights from Israel. Temporarily, it was also deployed on Milan to Amritsar route. It has grounded now for more than two weeks.
Featured Image Courtesy : Adrian Nowakowski
Source : JetArena