Days after announcing plans to add 50 Airbus A320neo aircraft to its fleet, Indian full service airline Vistara has confirmed an order for six Boeing (787-9) Dreamliners, with an option to buy four more aircraft.
The agreement, valued at US$2.8 billion at current list prices, will enable Vistara to become the first operator of the 787-9 in India.
This will enable Vistara, the joint venture between Singapore Airlines and Tata Group, to help launch long-haul operations.
Vistara’s expansion announcement comes as inexpensive air fares triggered by fierce competition among local airline companies have raised air travel demand among India’s mushrooming middle class.
“India’s position as the world’s fastest growing domestic aviation 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,” Vistara’s Chief Operatin Officer Leslie Thng says.
These orders are “a landmark step in Vistara’s journey and demonstrate our deep-rooted commitment to contributing to the rise of the Indian aviation industry and to offering more choices to our customers,” he adds.
Vistara’s existing fleet includes 13 Airbus A320neo and eight A320neo aircraft, already qualified to fly overseas. The airline began its operations in 2015, and has already flown 10 million customers.