Kingfisher leases Airbus A321-200 from Pegasus
Kingfisher Airlines has leased two Airbus A321 aircrafts from Pegasus Aviation Finance Company. At present Kingfisher has a fleet of 10 Airbus A-320s and 3 Airbus A-319s. Pegasus Aviation Fianace company is the world’s largest commercial aircraft lessor, it owns and manages a fleet of more than 200 aircrafts and it is a privately held company. As per the terms of lease, the ownership of the new aircrafts will be taken by Pegasus and Kingfisher will concurrently lease these airbus A-321s from Pegasus, the lessor.
Kingfisher started its operations in May 2005 and presently it is the fourth largest airline operating in India with a market share of about 9 percent. With the addition of Airbus A-321 Aircrafts to its fleet the airline expects to launch more flights and add more destinations to its network. The company was also very delighted on striking a deal with world’s largest commercial aircraft lessor.
Kingfisher will be the first in India to use Airbus A-321 carriers. It has state of the art technologies and is powered by IAE V-2500 engines and a seating capacity of about 150.