Wednesday, July 19, 2006

Indian carriers place $2-b orders at Farnborough Show

New Delhi: The Indian carriers continue to rule order books in the global aviation market.Three Indian carriers - GoAir, Kingfisher Airlines and Air Deccan - have signing deals worth nearly $2 billion at the ongoing Farnborough Air Show to purchase aircraft and engines.
GoAir has inked a deal to buy 10 Airbus A320 planes and retained an option to buy another 10 A320 jets at a later date, taking the total order size to 20 planes for a list price of $1.3 billion.
Besides, Vijay Mallya's Kingfisher Airlines has ordered 10 Pratt & Whitney (P&W) engines to power its fleet of Airbus A330 planes and taken an option for 10 more. Kingfisher has signed a separate agreement with P&W for maintenance of engines of its new fleet of ATR 72-500 turboprop aircraft. The total Kingfisher order is worth $560 million. In addition, Air Deccan is also placing an order for buying engines for its A320 fleet at the show.
19/07/06 Times of India
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