Vistara to buy 19 Airbus, Boeing planes

Vistara said it has agreed to place firm orders with Airbus for 13 aircraft from the A320 neo family and with Boeing for six 787-9 Dreamliner.

Vistara,  a joint venture of Tata Sons and Singapore Airlines, on Wednesday, said it has agreed to place firm orders with Airbus and Boeing for 19 aircraft in a deal valued around USD 3.1 billion.

From Airbus, it is ordering 13 aircraft from the A320neo family and with Boeing for six 787-9 Dreamliner. 

Together, the deals are valued at USD 3.1 billion, based on published list prices, a statement said.

"The letter of intent signed with Airbus comprises 13 firm-ordered A320neo and A321neo aircraft, as well as options for seven more aircraft from the A320neo family. In addition, Vistara will lease another 37 new A320neo-family aircraft from leasing companies. Together, Vistara will be adding a total of 50 A320neo-family aircraft into its existing fleet," it said.

The letter of intent signed with Boeing comprises six firm-ordered 787-9 Dreamliner and Purchase Rights for four more aircraft from the 787 Dreamliner family.

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. 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.”

“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.”

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Vistara to buy 19 Airbus, Boeing planes

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