The Madrid-based International Airlines Group (IAG), a holding corporation controlling five airlines (British Airways, Iberia, Aer Lingus, Vueling, and LEVEL),…
Indian Carrier Vistara Places Order for 19 Jets
Indian carrier Vistara has announced that it has placed orders for 13 Airbus A320neo and A321neo aircraft and six Boeing 787-9 Dreamliners.
The deal, valued at $3.1 billion, will increase the airline’s fleet size to 50.
The decision comes as the carrier inches towards international expansion, in an effort to compete with rival carriers such as IndiGo.
The domestic aviation market in India is one of the fastest growing aviation markets in the world, with passenger traffic doubling over the last decade.
Additionally, Vistara has been able to maintain a 4 percent share of the domestic market, but has had issues in maintaining profitability.
Vistara, which was founded as a joint venture between Indian industrial giant Tata Sons and Singapore Airlines, currently maintains a fleet of 13 Airbus A320-200 aircraft and eight A320neo aircraft.
It is worth noting that the carrier’s Airbus aircraft are also certified to fly internationally.
The carrier hopes that the new Boeing 787s will allow the carrier to expand internationally.
Meanwhile, no-frills carrier IndiGo has stated that they will expand to 24 foreign destinations in the next 18 months to destinations in Southeast Asia, China, and Europe.
While IndiGo has been expressing its interest to acquire wide-body aircraft, it has yet to do so. Instead, relying on its fleet of Airbus aircraft to fly internationally.
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