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Basis of preparation and significant accounting policies (Tables)
 12 Months Ended
Mar. 31, 2021
Basis of preparation and significant accounting policies  
Summary of annual depreciation rates

 

 

 

 

 

    

Rate of

 

 

 

Depreciation

 

Hangar and buildings

 

3.33 to 5

%

Plant and equipment (excluding aircraft)

 

20 to 33.3

%

Fixtures and fittings

 

20

%

Motor vehicles

 

33.3

%

 

Schedule of estimates of useful lives and residual values

 

 

 

 

 

 

 

 

 

 

    

Number of Owned Aircraft

    

 

    

 

Aircraft Type

  

at March 31, 2021

  

Useful Life

  

Residual Value

Boeing 737s

  

419 (a)

 

23 years from date of manufacture

  

15% of current market value of new aircraft, determined periodically

 

The Group operated 451 aircraft as of March 31, 2021, of which 3 were leased Boeing 737 aircraft and 29 were leased Airbus A320 aircraft.