Vistara announces deals worth $3.1billion with Airbus, Boeing
Vistara to add 19 aircrafts to its fleet between 2019 and 2023
Tata Sons and Singapore Airlines joint venture Vistara has entered into a deal with aerospace majors Airbus and Boeing for 13 A320 neo aircraft and six B787-9 Dreamliners, the airline announced on Wednesday. Both deals are together valued at $3.1 billion. Vistara plans to add these planes to its fleet between 2019 and 2023.
The letter of intent signed with Airbus comprises firm orders of 13 A320 neo and A321 neo aircraft as well as options for seven more aircraft from the A320 neo family. The airline will also lease another 37 new A320 neo family aircraft from leasing companies taking the total new A320 neo planes it intends to add it its fleet to 50, Vistara said in a statement.
The A320s will be inducted into the fleet between 2019 and 2023. These planes will be used for domestic as well international flights, which it plans to start from later this year. The agreement with Boeing comprises firm orders for six B787-9 Dreamliners and purchase rights for four more aircraft from the 787 Dreamliner family. Vistara will take deliveries of these aircraft between 2020 and 2021. These planes will be used for medium haul and long haul international flights.
“India’s position as the world’s fastest growing domestic aviation market and its impressive growth in air passenger traffic that has more than doubled over the last decade, makes us confident of our aggressive plans for domestic expansion and international foray. These orders are a landmark step in Vistara’s journey and demonstrate our deep-rooted commitment to contributing to the rise of the Indian aviation industry and to offering more choices to our customers,” Vistara CEO, Leslie Thng, said.
The airline currently has a fleet size of 21 aircrafts comprising 13 Airbus A320ceo and eight A320 neo aircraft. It will also induct its final plane from the previous order with Airbus in September taking its fleet size to 22 planes.
You might also like
Small Luxury hotels of the World™ welcomes The LaLiT London
Small Luxury Hotels of the World™ welcomes The LaLiT London. Small Luxury Hotels of the World is delighted to announce The LaLiT London as the latest addition to its collection of
Indian Railways to take care of your Shirdi travel needs
Good news for pilgrims travelling to Shri Sai Baba temple from Mumbai. Indian Railways along with Indian Railway Catering and Tourism Corporation (IRCTC) will soon make it possible for the
New York City welcomed record 62.8 million visitors in 2017
Mayor Bill de Blasio and NYC & Company New York City’s official destination marketing organization announced that 2017 was the eighth consecutive year for record-breaking tourism, with the City welcoming
