InterGlobe Aviation receives approval from the DGCA to wet-lease 11 A320 aircraft

The Directorate General of Civil Aviation (DGCA) has granted permission to Interglobe Aviation, the company that runs budget airline IndiGo, to wet-lease 11 A320 aircraft. This comes after IndiGo grounded almost 40 aircraft because of a Pratt & Whitney engine problem.

This week, Pratt's owner RTX announced that between 2023 and 2026, it will need to remove 600 to 700 engines from an Airbus A320neo aircraft for in-depth quality inspections. RTX had recommended for accelerated inspections impacting 200 engines by mid-September after stating in July that a rare powder metal issue could cause the breaking of several engine components. 

Last month, IndiGo said it was assessing the impact on its fleet due to troubled Pratt & Whitney engines and it expects a fall in yield due to seasonal weakness in the second quarter.

In response to a strong demand for air travel, declining fuel prices, and positive currency movements, Interglobe Aviation recorded record quarterly profit and revenue. From a loss of 1,064.3 crore, the net profit increased to 3,090.6 crore in the quarter that ended on June 30. In comparison to the prior year, total revenue increased by 32% to Rs. 17,161 crore.