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Vistara places $3.1 billion order for Airbus, Boeing jets

Reuters  |  SINGAPORE 

(Reuters) - Indian has placed firm orders for 13 SE A320neos and six 787 jets valued at $3.1 billion at list prices, as it looks to add more domestic flights and launch international routes later this year.

The joint venture between India's and Airlines Ltd said it also had purchase rights over 5 more 787-9s, options over 7 more A320neos and would procure another 37 A320neos from leasing companies.

"India's position as the world's fastest growing domestic 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," said in a statement on Wednesday.

The order comes a week before the Farnborough Airshow in Britain, where, according to consultancy IBA, global planemakers could reap 900 orders and commitments.

had been examining the addition of more jets for months amid plans to enter the international market to offset a highly competitive, price-sensitive domestic market.

last month reported that Vistara had decided to order six Boeing rather than the rival and that it might expand its fleet of leased A320neos.

(Reporting by in and Aditi Shah in New Delhi; Editing by Himani Sarkar)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, July 11 2018. 12:23 IST
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