As part of its expansion drive in the overseas markets, Vistara has placed orders for a total of 19 Airbus and Boeing aircraft worth $3.1 billion (Rs 21,344 crore).
The airline, which currently has a fleet of 21 aircraft from A320 neo family, plans to add another 50 such planes, media reports said.
Vistara reportedly 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 $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, reported PTI
Vistara would also lease another 37 new A320 neo family aircraft from leasing companies, the statement by the carrier 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, the airline said.
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, and delivery is scheduled between 2020 and 2021. “The 787-9s are intended for use on medium-haul and long-haul international routes,” it added.
Vistara CEO Leslie Thng was quoted as saying that 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 the airline confident of aggressive plans for domestic expansion and international foray.