Engine maker GE Aviation signs $340 million deal with Tata-SIA airline Vistara

Last Updated: Tue, Aug 07, 2018 18:31 hrs
Vistara

Mumbai: Aircraft engine maker GE Aviation is learnt of signing a deal valued at over $340 million with Tata-SIA airline Vistara.

GE Aviation will supply the GEnx-1B engines for Vistara's Boeing 787 fleet.

In an official communication company officials exclaimed that the engines were expected to be delivered to Air Vistara between 2020 and 2021.

Vistara, the Delhi-based full-service carrier placed order of six B 787-9 (Dreamliner) aircrafts with Boeing, and also purchase rights of four more aircraft from Boeing 787 family for its proposed medium and long-haul international operations.

"GEnx engines have been selected by Vistara to power its newly ordered fleet of six firms and four purchase rights of Boeing 787 wide-bodied aircraft," the engine maker said in the release.

The firm engine order, valued at more than $340 million, is Vistara's first for GEnx-powered aircraft, with delivery expected between 2020 and 2021, it said.

"We are delighted to partner with GE for our Boeing 787-9 Dreamliners' operations with its fuel efficient and reliable GEnx-1B engines," Vistara's Chief Executive Officer Leslie Thng said.

Last month, Vistara had announced placing orders for a total of 19 Airbus and Boeing aircraft worth $3.1 billion (around Rs 21,344 crore), as the carrier embarks on ambitious expansion plans, including flying overseas.

"We are honoured that Vistara has selected GE to power its growth journey. GEnx engines offer impressive economics pertaining to fuel efficiency, reliability and utilisation making them most suited for Vistara's plans to strengthen its fleet for international routes," GE country head Vikram Rai said.

In 2010, GE Aviation was declared as the lowest bidder to supply engines for India's light combat aircraft (LCA) Mark-2, codenamed Tejas Fighters.

'GE Aviation emerged as the lowest bidder for supplying about 100 engines (GE-414) to fit into the LCA Mk-2,' Defence Research and Development Organisation's (DRDO) then Chief Controller (R&D) Prahlada had informed reports.

GE Aviation had in 2011 signed a 20 year MRO (Maintenance, Repair and Overhaul) deal with Air India.

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