INDIA: Deccan sells off two new A320s

Deccan Aviation Ltd has sold a new Airbus A320 aircraft and plans to sell another in two weeks, with both deals expected to fetch a total of at least US$10 million in profit. Deccan has 52 A320 aircraft on order and made the decision to sell after determining that it would receive more planes than […]


Deccan Aviation Ltd has sold a new Airbus A320 aircraft and plans to sell another in two weeks, with both deals expected to fetch a total of at least US$10 million in profit.

Deccan has 52 A320 aircraft on order and made the decision to sell after determining that it would receive more planes than it needed for the year, chief executive, Ramki Sundaram said, adding that, "it is part of our fleet management."

The airline operations of Kingfisher Airlines are currently being merged with Deccan and the two together have ordered nearly 160 A320s and ATR turboprops. The two are scheduled to receive more than 15 A320 aircraft this year.