Commodities

Indian carrier Vistara leases 6 planes from BOC Aviation for local expansion

Credit: REUTERS/SHAILESH ANDRADE

Indian carrier Vistara, a joint venture between India's Tata Group and Singapore Airlines, said on Friday it has leased six additional aircraft from BOC Aviation to drive its expansion in the domestic market.

NEW DELHI, May 24 (Reuters) - Indian carrier Vistara, a joint venture between India's Tata Group and Singapore Airlines SIAL.SI, said on Friday it has leased six additional aircraft from BOC Aviation 2588.HK to drive its expansion in the domestic market.

Vistara said it plans to lease four Boeing Co BA.N 737-800 aircraft which will be delivered in May and two Airbus A320neo planes that are scheduled for delivery later this year.

"These leased aircraft will be deployed to meet the sudden drop in capacity in the market," said Vistara CEO Leslie Thng.

Vistara, which currently has a fleet of 22 Airbus A320 planes, has also recruited nearly 500 former employees of grounded Indian carrier Jet Airways JET.NS, including pilots, cabin crew, engineers and other staff.

It was not immediately clear if the planes leased by Vistara from BOC Aviation are among those de-registered from Jet.

(Reporting by Aditi Shah Editing by Euan Rocha)

((aditi.shah@tr.com; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: aditi.shah.thomsonreuters.com@reuters.net; twitter: @aditishahsays))

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