Vistara orders 19 aircraft for $3.1 billion to fly overseas

Vistara orders 19 aircraft for $3.1 billion to fly overseas

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Inching closer towards its cruise towards international, Vistara, the joint venture between Tata Sons and Singapore Airlines, on Tuesday announced it placed firm orders with Airbus for 13 aircraft from the A320neo family and with Boeing for six 787-9 Dreamliners.

Together, the deals are valued at $3.1 billion, based on published list prices. The full-service carrier will also lease another 37 new A320neo-family aircraft from leasing companies, taking the number of A320neo-family aircraft in its fleet to 50.

The airline said the letter of intent signed with Boeing comprises six firm 787-9 Dreamliner orders and purchase rights for four more aircraft from the 787 Dreamliner family. Vistara has selected the General Electric GEnx-1B engines to power the aircraft, 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.

According to a statement issued by Vistara, the airline has selected the LEAP 1-A engines from CFM International to power the A320neo and A321neo aircraft, which will be due for delivery between 2019 and 2023. The airline will use these aircraft to densify its domestic network and to support its international operations planned for later this year.

Leslie Thng, CEO, Vistara, said that India's position as the world's fastest growing domestic aviation market and its impressive growth...

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