24 October, 2018: GE Capital Aviation Services (GECAS), a world leader in aviation leasing and financing has signed a lease contract for seven Airbus A320neos to enter service with Vistara, a joint venture between Tata Sons Limited and Singapore Airlines Limited (SIA), following deliveries from Airbus in the latter part of 2019 and continuing into 2020.
Commencing operations in January 2015 as one of India’s premier operators, Vistara, with its hub at Delhi’s Indira Gandhi International Airport, has flown over 11 million customers. Operating an all-A320 fleet (with both 200s & neos), Vistara is the first airline in India to introduce premium economy class on domestic routes.
“GECAS is delighted to partner with Vistara to expand its fleet of A320neos,” noted GECAS’ Aashish Sonawala, SVP Marketing. “These aircraft offer very attractive operating economics to the airline that is striving to offer a world-class experience to its passengers. We look forward to a long and cherished association with Vistara”
“With the signing of this agreement we welcome GECAS as one of our new leasing partners for Vistara’s next phase of fleet expansion,” said Leslie Thng, CEO, Vistara. “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.”