Shannon Ireland, Oct 23, 2018 – GECAS today announced the signing of a lease contract for seven A320neos to enter service with Vistara, the India based full-service carrier and joint venture of Tata Sons and Singapore Airlines, 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 Mr. 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,” Mr. Thng added.
GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, and airframe parts management. GECAS owns or services a fleet of more than 1,900 aircraft (1,552 fixed wing/ 350 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~320 aircraft. GECAS serves ~250 customers in over 75 countries from a network of 25 offices. www.gecas.com
GECAS Media contact: James Luton | +1 203 842 5887 | firstname.lastname@example.org
About Vistara (TATA SIA Airlines Limited): About Vistara (TATA SIA Airlines Limited): TATA SIA Airlines Limited, known by the brand name Vistara, is a joint venture between Tata Sons Limited and Singapore Airlines Limited (SIA) with Tata Sons holding the majority stake of 51% in the company and SIA holding the remaining 49%. Vistara brings together Tata’s and SIA’s legendary hospitality and renowned service excellence to launch the finest full service carrier in India aimed at creating memorable and personalized flying experiences for its customers. Vistara commenced its commercial operations on January 9, 2015 with an aim to set new standards in the aviation industry in India. For additional information, visit www.airvistara.com or contact: