Have you read these stories?

A possible DHFL scenario suddenly puts billions at stake

The company’s shares are already down more than 90 per cent so far this year.

Vistara

Nov 22, 2019, 11.15 AM IST

SEARCHED FOR:

VISTARA

IndiGo's rising costs are indication for growth; expect a smooth landing by 2022: CEO Rono Dutta

IndiGo airline's CEO Rono Dutta clears the air on the issue and talks about IndiGo's south-east Asia strategy. Owing to seasonal disruptions, the profitability faltered however they had to start the China and Vietnam flights by October 31 though regulatory approvals there were required and so were the slots.

Vistara to double fleet size by March 2020

Last year, Vistara had ordered 50 aircraft from the Airbus A320neo family, including the A321neo, ...

How govt is trying to make Air India attractive for potential buyers

Tata Group chairman N. Chandrasekaran says he will ask his team "to eval...

ET Prime Distribution
  • ​Vistara has been operating daily flights on the Delhi-Singapore and the Mumbai-Singapore routes since August 6 and August 7 respectively, using Boeing 737-800NG planes that were leased post the shutdown of Jet Airways in April this year. These planes can carry extra fuel and can fly one hour extra as compared to old A320neo planes.

    Vistara airlines to start daily non-stop flights on Mumbai-Colombo route from November 25 onwards this year. Since August, the airline has started flights connecting India with Dubai, Bangkok and Singapore, now Colombo being the fourth destination.

    Govt has shown willingness to exit Air India, as opposed to its earlier plan of retaining a minority 24%.

    The Tata Group may consider bidding for Air India, an airline it once owned, whenever the govt finalises its sale. “Ideally, it is a Vistara decision. It is not a Tata Sons decision. I will ask the team to evaluate it," said the Tata group chief N Chandrasekaran. Acquisition of Air India would help the Tatas scale their aviation business.

    The Delhi-based airline had in August this year extended its codeshare pact with Singapore Airlines and its regional arm SilkAir to international routes as well besides for domestic flights, which is in place since 2017.

    Along with the engine order, the airline has also signed a long-term rate per flight hour agreement for maintenance of the 120 Leap-1A engines which will power its 60 Airbus planes in service or on order.

    A 15% holding for the Tatas would keep its effective stake in Delhi International Airport Ltd, the GAL unit that runs the airport in the national capital, below 10%. Tata, GIC & SSG Capital Management have agreed to invest Rs 8,500 crore in GAL.

    The crackdown came against the brackdrop of accidents and incidents this monsoon.August and September, according to DGCA data, have seen six and two incidents. There were 11 incidents in July — the highest in the year.

    Airbus Services combined aircraft engineering capabilities, expertise in maintenance operations and data analytics know-how will help Vistara to increase its competitiveness and secure its operations.

    The growth across the country is driven by increased demand from tier-I and tier-II cities where American Express Card members want to spend, the premium credit card and payment platform company said in a release.

    With the govt powering ahead with its resolve to sell the airline, hectic efforts are on behind the scenes to pull it back from the brink, bring it to a manageable shape and then hand it over to a buyer who can turn it around.

    With jet Airways no longer operating any flights, other airlines have come forward to fill up the winter slots occupied by the Jet till last year. Vistara has taken the lead followed by SpiceJet and AirAsia India in filling up the space.

Load More...
x

Other useful Links


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service