India’s Vistara places $3.1 billion order with Airbus, Boeing

Vistara said it would use the new planes to boost its domestic network and support its international operations, which are scheduled to start later this year. (Courtesy Vistara Facebook)
Updated 11 July 2018
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India’s Vistara places $3.1 billion order with Airbus, Boeing

MUMBAI: India’s newest airline Vistara said on Wednesday it had ordered 19 jets from Boeing and Airbus for a combined $3.1 billion as it prepares to launch international flights.
As the country enjoys a boom in air travel owing to its growing middle class, airlines are rapidly expanding their fleets to capture a slice of the market.
Vistara, a joint venture between Indian conglomerate Tata and Singapore Airlines, said it would buy six Boeing 787-9 Dreamliners and 13 planes from Airbus’s fleet of A320neo and A321neo aircraft.
“These orders are a landmark step in Vistara’s journey and demonstrate our deep-rooted commitment to contributing to the rise of the Indian aviation industry and to offering more choices to our customers,” chief executive Leslie Thng said in a statement.
The company, which began operating in 2015, added that it had also agreed to hire another 37 Airbus A320neos from leasing companies.
Vistara said it would use the new planes to boost its domestic network and support its international operations, which are scheduled to start later this year.
In April, Indian airline Jet Airways said it had entered an agreement to buy 75 Boeing 737 MAX aircraft in a deal that could be worth more than $7 billion.
There has been a six-fold increase in passenger numbers in India over the past decade as customers take advantage of better connectivity and cheaper fares thanks to a host of low-cost airlines.


Turkey set to begin oil and gas drilling off Cyprus

Updated 21 February 2019
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Turkey set to begin oil and gas drilling off Cyprus

  • “In the coming days we will start drilling with two ships around Cyprus,” Turkish foreign minister said
  • Turkey and the Cypriot government have overlapping claims of jurisdiction in the eastern Mediterranean

ISTANBUL: Turkey will begin drilling for oil and gas near Cyprus in coming days, state-owned news agency Anadolu reported Foreign Minister Mevlut Cavusoglu saying on Thursday, a move that could stoke tensions with neighboring Cyprus and Greece.
Turkey and the internationally recognized Greek Cypriot government have overlapping claims of jurisdiction for offshore oil and gas research in the eastern Mediterranean, a region thought to be rich in natural gas.
“In the coming days we will start drilling with two ships around Cyprus,” Cavusoglu was quoted as saying in a speech to a business conference in western Turkey’s Aydin province.
“Let those who come to the region from far away, and their companies, see that nothing can be done in that region without us. Nothing at all can be done in the Mediterranean without Turkey, we will not allow that,” Cavusoglu said.
Turkey launched its first drillship “Fatih” in October to drill off the coast of Turkey’s southern Antalya province. It said a second ship that it purchased would operate in the Black Sea, but was diverted to the Cyprus area.
Breakaway north Cyprus, which is supported by Turkey, says any offshore wealth also belongs to them, as partners in the establishment of the Republic of Cyprus in 1960.
The island was divided in 1974 after a Turkish invasion triggered by a brief Greek-inspired coup. Countless peacemaking endeavours have failed, and offshore wealth has increasingly complicated peace negotiations, with Greek Cypriots saying the matter is not up for discussion.