Indian carriers place plane orders worth $2B

By agencies   |   Thursday, 20 July 2006, 07:00 Hrs
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NEW DELHI: Several new and old Indian carriers have placed orders to buy aircrafts worth $2 billion at the Farnborough airshow. Three lowcost Indian carriers like GoAir, Kingfisher Airlines and Air Deccan - have signed deals worth $2 billion to purchase aircraft and engines, putting India among the fastest growing aviation markets in the world.

The Mumbai based Wadia family owned GoAir will buy 10 Airbus A320 planes and will exercise an option to buy further 10 planes at a later date, taking the total order size to 20 planes for a list price of $1.3 billion.

Another startup Indian airlines, liquor baron Vijay Mallya promoted Kingfisher Airlines has ordered 10 Pratt & Whitney engines to power its fleet of Airbus A330 planes and taken an option for 10 more.
India’s first low cost airline Bangalore based Air Deccan has placed an order for buying engines for its A320 fleet at the show.

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