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Vistara to buy 19 Airbus, Boeing planes worth USD 3.1 bln

Thursday, July 12, 2018

New Delhi: Vistara today announced placing orders for a total of 19 Airbus and Boeing aircraft worth USD 3.1 billion (approx Rs 21,344 crore), as the carrier embarks on ambitious expansion plans, including flying overseas.

The airline, which currently has a fleet of 21 aircraft from A320 neo family, plans to add another 50 such planes.

In a statement, 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.

“Together, the deals are valued at USD 3.1 billion, based on published list prices,” it said.

The letter of intent signed with Airbus is for 13 A320 neo and A321 neo aircraft as well as options for buying seven more aircraft from the A320 neo family.

Vistara would also lease another 37 new A320 neo family aircraft from leasing companies, the statement said.  The airline has selected the LEAP 1-A engines from CFM International for the A320 neo and A321 neo aircraft, which are to be delivered be between 2019 and 2023.

These aircraft would be used to strengthen its domestic network and to support its international operations planned for later this year, the statement 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, it added.

For these planes, the airline has selected General Electric GEnx-1B engines.

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