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Airbus Said to be Front-Runner for Vistara Order

: Jun 4, 2018 - : 5:24 am

Airbus SE is favored to pull in an order from Singapore Airlines Ltd. affiliate Vistara for as many as 60 new-engine single-aisle airliners to gain a stronger foothold in the booming Indian market.

 

The airline is leaning toward buying the A320neo jets after a contest with Boeing Co.’s 737 Max model. The A320neo has an average list price of about US$110 million, valuing the deal at US$6.6 billion before discounts that are common in large aircraft purchases stated a Bloomberg report.

 

According to the Bloomberg report, people familiar with the development said that Vistara has also opted for six Boeing 787s with an option to buy four more. They refused to be identified as the information isn’t public.

 

Vistara is considering between the 787-9 and the 787-10 version, which could fly non-stop to European destinations such as London. The most expensive model of the Dreamliner has a list price of US$325.8 million, making the order from the Indian carrier worth as much as US$3.3 billion, including options, the report further stated.

 

Vistara had said earlier it plans to start flying international routes by the second half of this year. The carrier plans to fly routes of three to five hours duration initially, which can be covered by narrow-body jets like the A320.

 

The airline hasn’t signed a final deal yet and talks are continuing. No immediate comments were available from Airbus, Boeing or Vistara.

 

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