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.

About author

TnH Global
TnH Global 3781 posts

Our platform is the most comprehensive, current and accurate content destination for tourism that also offers the opportunity to connect and network with quality buyers and sellers.

Name: TnH Global              Email: admin@tnhglobal.com

You might also like

Destinations

Take a Cool Break in Jamaica this Scorching Summer!

Escape to the Land of Nature  Jamaica welcomes backpackers from all over the world who come to enjoy the bliss and beat the heat. The weather in Jamaica is friendly for vacationers around the

Kenya Tourism Board officially appoints new CEO, Dr. Betty Radier

Dr. Betty Radier is the new Kenya Tourism Board’s Chief Executive Officer. Dr. Radier’s appointment by the KTB Board of Directors is the result of an extensive recruitment process. Announcing

Trends

Emirates is celebrating 10 years of A380 operations

Over 105 million passengers have experienced the Emirates A380 since 2008 Over 1.5 billion kilometres travelled, equivalent of 39,000 trips around the globe Aircraft is a customer favourite, playing a

0 Comments

No Comments Yet!

You can be first to comment this post!