Ran Air to invest Rs 150 crore to double its fleet size

Ran Air to invest Rs 150 crore to double its fleet size

Ranbaxy group-promoted Ran Air has announced their plans to invest around Rs. 150 crores on fleet expansion.

They aim to have a fleet size of 20 aircrafts as they are going to operate as regional scheduled carrier. The company is also planning to provide helicopter services.

Ran Air CEO and MD Sanjay Godhwani said in a statement on their plans for the Indian market: “We are willing to invest aggressively in this business as we are convinced about the future growth potential of the sector. Investments would be a function of the fleet size, manpower and aircraft. We are considering to invest around Rs 150 crore. Almost 80% of our fleet mix is currently 6-8 seater aircraft. Post-March 2008, we intend to double the fleet size.”

MDLR Airlines and Jagson Airlines are two other companies which aims to become a major player in the regional carrier services.