FLEET MODERNIZATION UNDER WAY
The commercial jet fleet in South Asia has nearly doubled in the
past decade, and a large number of older airplanes have been
retired from service, resulting in a significantly more efficient
fleet. Average fleet age has dropped from nearly 14 years in
2004 to approximately 8 years in 2014. South Asia’s fleet count
is approaching 500 airplanes, of which
nearly 80 percent are single-aisle
airplanes in service with low-cost and
full-service airlines. As traffic increases,
the region will require 1,850 new airplanes,
including more than 1,500 singleaisle and 310 widebody jets, to satisfy
demand for growth and replacement