Dublin: Singapore-based BOC Aviation looks poised to supply aircraft to India`s latest airline as new players jostle to capture growth in Asia`s third-biggest economy, two industry sources said.
The move is an important step in plans by Tata Sons and Singapore Airlines to set up a full-service airline to compete for business amid India`s crowded low-cost market.
Reuters first reported last week that the new Tata-SIA venture had opted to use Airbus A320 jets in preference to Boeing`s 737.
The fleet of 20 planes would initially be sourced from leasing companies, rather than purchased direct from Airbus.
That decision triggered a race for the lucrative mandate between aircraft leasing companies gathering in Dublin for annual industry meetings this week.
Industry sources who asked not to be named said the deal, or a significant part of it, was expected to go to BOC Aviation, the aircraft leasing subsidiary of Bank of China.
22/01/14 PTI/ZeeNews
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The move is an important step in plans by Tata Sons and Singapore Airlines to set up a full-service airline to compete for business amid India`s crowded low-cost market.
Reuters first reported last week that the new Tata-SIA venture had opted to use Airbus A320 jets in preference to Boeing`s 737.
The fleet of 20 planes would initially be sourced from leasing companies, rather than purchased direct from Airbus.
That decision triggered a race for the lucrative mandate between aircraft leasing companies gathering in Dublin for annual industry meetings this week.
Industry sources who asked not to be named said the deal, or a significant part of it, was expected to go to BOC Aviation, the aircraft leasing subsidiary of Bank of China.
22/01/14 PTI/ZeeNews
