Avolon has placed 15 Airbus A320neo aircraft with new customer Vistara of India, the airline joint venture between Tata Sons and Singapore Airlines.
Deliveries will start in June 2019 and continue up to August 2021. These are the first aircraft Ireland-based Avolon will have on lease to Vistara.
Simon J. Hanson, head of Asia Pacific at the lessor, said: “Avolon is delighted to confirm the placement of 15 A320neo aircraft with Vistara. These aircraft will open new route possibilities for Vistara; help to significantly modernize their fleet; provide operational efficiencies and unit cost improvements; and offer them new opportunities to carry more passengers and enhance their customer base.
“These will represent the first Avolon aircraft placed with Vistara beginning in June 2019 and continuing up to August 2021.”
Avolon is 70% owned by an indirect subsidiary of China’s Bohai Capital Holding Co. Ltd., and 30% owned by ORIX Aviation Systems. It now has an owned, managed and committed fleet, as of 30 September 2018, of 890 aircraft.