New Delhi, July 11: Air Vistara on Wednesday announced its plan to buy a total of 19 Airbus and Boeing aircraft worth $3.1 billion (approx Rs 21,344 crore) as a part of its ambitious expansion plans, including flying overseas. The airline plans to add another 50 planes to its fleet of 21 aircraft belonging to A320 neo family.
CEO of Vistara, Leslie Thng said, “We are delighted to further deepen our relationship with Airbus and to join hands with Boeing to strengthen our modern and fuel-efficient fleet that will help achieve our thought-through ambitions.”
Vistara had signed a preliminary order with Boeing for six 787-9 Dreamliner and with Airbus for 13 A320 neo and A321 neo aircraft. Vistara plans to buy seven more A320 neo aircraft and would lease another 37 new A320 neo aircraft from leasing companies. In a statement, the company said, “Together, the deals are valued at USD 3.1 billion, based on published list prices.”
The letter of intent signed with Boeing states that Vistara has the purchase rights for four more aircraft from the 787 Dreamliner family. Air Vistara has selected General Electric GEnx-1B engines for these planes which are expected to be delivered between 2020 and 2021. For the A320 neo and A321 neo aircraft, the company has selected the LEAP 1-A engines from CFM International and the delivery is scheduled between 2019 and 2023.
According to the letter of intent signed by the company, “The 787-9s are intended for use on medium-haul and long-haul international routes.” The statement added that the aircraft would be used to strengthen and support the company’s domestic network and its international operations later in the year.
Vistara is confident of the aggressive expansion plans into the international foray because India has seen an impressive more than double growth in air passenger traffic over the last decade. Air Vistara is a joint venture between Tata Sons and Singapore Airlines. With over 800 flights, the airline currently serves 22 destinations in a week.
(With PTI inputs)