Vistara To Order USD 3.1 Billion Worth Of Aircrafts From Airbus And Boeing
Vistara, India’s finest full-service carrier, a joint venture of Tata Sons and Singapore Airlines, has agreed to place firm orders with Airbus for 13 aircrafts from the A320neo family and with Boeing for six 787-9 Dreamliners. Together, the deals are valued at USD3.1 billion based on published list prices.
The letter of intent signed with Airbus comprises 13 firm-ordered A320neo and A321neo aircrafts, as well as options for seven more aircrafts from the A320neo family. In addition, Vistara will lease another 37 new A320neo-family aircrafts from leasing companies. Together, Vistara will be adding a total of 50 A320neo-family aircrafts into its existing fleet.
Vistara has selected the LEAP 1-A engines from CFM International to power the A320neo and A321neo aircrafts, which will be due for delivery between 2019 and 2023. Vistara will use these aircrafts to densify its domestic network and to support its international operations planned for later this year.
The letter of intent signed with Boeing comprises six firm-ordered 787-9 Dreamliner and purchase rights for four more aircrafts from the 787 Dreamliner family. Vistara has selected the General Electric GEnx-1B engines to power the aircrafts, which are scheduled to be delivered between 2020 and 2021. The 787-9s are intended for use on medium-haul and long-haul international routes.