Business

Vistara Orders 19 Airbus Planes For $3.1 Billion

JAVED SAIFI | 0
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| July 11 , 2018 , 13:49 IST

Tata Sons Limited and Singapore Airlines Limited (SIA) joint venture Vistara Airlines announced on Wednesday that it has placed an order with Airbus for 13 Airbus SE A320neos and six B787-9 Dreamliners at a cost of $3.1 billion.

Vistara is going forward with this deal to expand the horizon of their domestic flights and international routes. These planes will add to its fleet between 2019 and 2023. 

These jets are made up of General Electric GEnx-1B engines and the delivery is scheduled in between 2020-21. Vistara has also purchased rights over 5 more 787-9s, 7 A320neos and would add 37more A320neos from leasing companies to expand its business.

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As per reports, Vistara CEO Leslie Thng said, "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.”

“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,” he added.

Vistara's order for Airbus planes comes after the decision not to bid for Air India.

Vistara serves around 22 destinations with over 730 flights a week with a fleet of 20 Airbus A320 aircraft. The airline has over 8.5 million customers with an operating capacity connecting Delhi, Mumbai, Bengaluru, Hyderabad, Chennai, Pune, Ahmedabad, Lucknow, Goa, Varanasi, Guwahati, Bagdogra, Bhubaneswar, Srinagar, Jammu, Kochi, Chandigarh, Kolkata, Port Blair, Amritsar, Leh and Ranchi.