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Jagson to buy 20 Airbus, A321 for 1.3 billion dollars

By Staff
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New Delhi, Feb 23 (UNI) The country's first private airlines, Jagson today said it has firmed up plans to purchase 20 A321 aircraft at 1.3 billion dollars U S in its bid to fly to six cities by end-2006.

The discussions with Airbus were held at the ongoing Singapore Air Show and the financing modalities are being worked out, a company statement here said.

The airline will be the first low-cost carrier in the country to operate a two class configuration of premium executive and executive targeting the existing economy class travellers and frequent fliers.

The company plans to close the process of acquisition by March in order to take to the skies by the end of April or early May 2006.

''We are planning to go in for acquisition of 20 Airbus A321 aircraft with a firm order of 14 aircrafts and an option on six other aircraft,'' President and CEO of Jagson, Uttam Kumar Bose said.

In the first phase, the airline will cover the cities of Delhi, Bangalore, Patna, Mumbai, Kolkata, Guwahati, Jaipur, Dibrugarh and Goa.

In the second phase, while adding flights to these sectors, Jagson will extend its operations to Lucknow, Kochi and to Hyderabad.

The company is also entering into a series of alliances for ground handling, ticketing and aircraft maintenance in order to give its customers a full experience, Mr Dutta added.

UNI RT SD KN1818

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