Posted on: 24 October 2018 by Mark Howells
GECAS has sealed a lease deal with India’s Vistara for seven Airbus A320neos to enter service in the latter part of 2019 and into 2020.
The airline, a joint venture between Tata Sons (51%) and Singapore Airlines (49%), is based at Delhi’s Indira Gandhi International Airport and already operates an all-A320 fleet (including A320-200s and neos).
Leslie Thng, Vistara’s CEO, said: “With the signing of this agreement we welcome GECAS as one of our new leasing partners for Vistara’s next phase of fleet expansion. The neo – with advanced technology, offering the fuel efficiency, lower emissions, and improved range attributed to CFM’s LEAP-1A engines – will further strengthen our domestic network and expand the regional international operations which we plan to launch soon.”
GECAS’ Aashish Sonawala, senior vice-president marketing, added GECAS was “delighted to partner with Vistara to expand its fleet of A320neos” and that the aircraft offer “very attractive operating economics to the airline.”
The lessor has an owned and serviced fleet of over 1,900 aircraft in operation or on order.