New Delhi, London: Vistara, the Indian affiliate of Singapore Airlines Ltd, is in talks with Airbus SE and Boeing Co to buy jets worth as much as $8.5 billion (Dh31.22 billion) as the carrier seeks to tap India’s growing middle class, according to people familiar with the plans.
Vistara, a joint venture with majority owner Tata Group, is seeking to buy about 50 narrowbody jets, typically used for shorter routes, and up to 10 wide-bodies, said the people, who asked not to be named discussing private negotiations. A final decision is likely by June, one of the people said.
A representative for Vistara declined to comment, adding the carrier will share its fleet expansion strategy at an appropriate time. An Airbus spokesman said the company’s discussions with customers are confidential. A Boeing spokesman declined to comment.
The order is the first of several expected aircraft deals Indian carriers are set to place in the coming months, as carriers expand in the world’s fastest growing major aviation market. Budget operators IndiGo, run by InterGlobe Aviation Ltd, and SpiceJet Ltd. are now exploring the low-cost, long-haul model, which would need wide-body aircraft on top of the more than 500 single-aisle jets already on order from them. Jet Airways India Ltd is also in talks to buy as many as 100 narrowbody jets.
06/02/18 Bloomberg/Gulf News
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Vistara, a joint venture with majority owner Tata Group, is seeking to buy about 50 narrowbody jets, typically used for shorter routes, and up to 10 wide-bodies, said the people, who asked not to be named discussing private negotiations. A final decision is likely by June, one of the people said.
A representative for Vistara declined to comment, adding the carrier will share its fleet expansion strategy at an appropriate time. An Airbus spokesman said the company’s discussions with customers are confidential. A Boeing spokesman declined to comment.
The order is the first of several expected aircraft deals Indian carriers are set to place in the coming months, as carriers expand in the world’s fastest growing major aviation market. Budget operators IndiGo, run by InterGlobe Aviation Ltd, and SpiceJet Ltd. are now exploring the low-cost, long-haul model, which would need wide-body aircraft on top of the more than 500 single-aisle jets already on order from them. Jet Airways India Ltd is also in talks to buy as many as 100 narrowbody jets.
06/02/18 Bloomberg/Gulf News
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