Air India, the state-owned carrier, is in talks with Airbus Group to order single-aisle jets worth $1.5bn at list prices, according to a person with direct knowledge of the discussions.
The carrier wants to purchase at least 14 A320neo aircraft, according to the person, who asked not to be identified as the discussions are private. An A320neo costs $106.2mn at list prices, and buyers usually get a discount if they order planes in bulk. Air India will sell the new planes to lessors and then lease them back, the person said.
A member of the Star Alliance, debt-laden Air India recently has focused on improving services and flying newer planes to compete with low-cost rivals like market leader IndiGo. The order for A320neos also would help consolidate Airbus’s position in India’s single-aisle market, where the French company has had a lead over America’s Boeing among budget airlines.
07/05/15 Gulf Times
The carrier wants to purchase at least 14 A320neo aircraft, according to the person, who asked not to be identified as the discussions are private. An A320neo costs $106.2mn at list prices, and buyers usually get a discount if they order planes in bulk. Air India will sell the new planes to lessors and then lease them back, the person said.
A member of the Star Alliance, debt-laden Air India recently has focused on improving services and flying newer planes to compete with low-cost rivals like market leader IndiGo. The order for A320neos also would help consolidate Airbus’s position in India’s single-aisle market, where the French company has had a lead over America’s Boeing among budget airlines.
07/05/15 Gulf Times
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