The UB group's Kingfisher Airlines, which is planning to launch operations in May, announced the signing of deals to purchase three Airbus A-319 aircraft.
The airline has already placed firm orders for a total of 33 aircraft from Airbus including 10 A-320s and three A-319s with options to buy 20 more planes.
Announcing the deal to acquire the three A-319s, Kingfisher Airlines chief Vijay Mallya said the 144-seater aircrafts "will complement the capabilities of the fleet and serve the needs of traffic on routes of Bangalore
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In addition to these aircraft, the "high value" private carrier has also leased four brand new A-320-200 aircraft from Debis Air Finance, the leasing company of DaimlerChrysler.
The A-319s have a list price of Rs 673 crore ($153 million), taking the total value of the order to Rs 8,492 crore ($1.93 billion).
An airline spokesman said it would provide services and amenities that would be "the first of its kind in the domestic aviation market in the country."