NEW DELHI : Vistara, a joint venture of Tata Sons and Singapore Airlines, on Thursday said that it has finalized an order worth $2.4 billion for 26 engines to power 13 new Airbus A320neo and a long term engine maintenance contract for its Airbus fleet.
“Alongside this engine order, Vistara signed a long-term Rate Per Flight Hour (RPFH) agreement for the maintenance of the 120 (CFM) LEAP-1A engines that power 60 such Airbus A320neo and A321neo aircraft in service or in order,” Vistara said in a statement.
“The combination of the RPFH agreement and the engine order is valued at more than $2.4 billion U.S. at list price,” it added.
