Basis of preparation and significant accounting policies (Tables)

12 Months Ended

Mar. 31, 2022

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, 2022	Useful Life	Residual Value
Boeing 737s *	471 (a)	23 years from date of manufacture	15% of current market value of new aircraft, determined periodically

*Including 61 new B737-8200s

(a) The Group operated 500 aircraft as of March 31, 2022, of which 29 were leased Airbus A320 aircraft.