Airbus SE and Boeing Co. split firm orders for 19 jets from the Indian affiliate of Singapore Airlines Ltd. that is seeking to bolster its local operations and also start international flights.
Vistara, as the airline is known, will buy 13 of the A320neo and A321neo jets that have a list price starting at about $111 million each and six Boeing 787-9 Dreamliners at about $282 million apiece. The combined order is valued at $3.1 billion, excluding customary discounts.
Additionally, Vistara will be renting 37 new A320neo family aircraft from leasing companies, according to a statement from the carrier on Wednesday. The airline currently has a fleet of 21 single-aisle Airbus planes.
Vistara, Jet Airways India Ltd. and SpiceJet Ltd. are among Indian carriers boosting orders from Asia as regional operators add routes and swell their fleets to meet travel demand fueled by an emerging middle-class keen to explore the world. Read More