Tata-SIA JV airline Vistara set to take wings tomorrow

Image
Press Trust of India New Delhi
Last Updated : Jan 08 2015 | 10:06 PM IST
Tata-SIA joint venture airline Vistara is all ready for take off tomorrow with its first flight from Delhi to Mumbai, ushering in a heightened competition in the domestic aviation market.
The launch of the new full-service airline will also mark the re-entry of the Tata Group in the airline business after over six decades. The group holds 30 per cent stake in the domestic arm of the Malaysian budget airline AirAsia India.
Vistara will be the third full-service carrier in the country, after state-run Air India and private carrier Jet Airways.
The Tata Group had announced in September last year the formation of a 51:49 joint venture with Singapore Airlines to launch a full-service carrier in the country.
The two JV partners had made attempts to enter the domestic skies earlier too, but in vain.
The airline had applied to the Directorate General of Civil Aviation (DGCA) for the flying permit in April last year but could get it only late last year, after a delay of almost nine months.
On December 18 last, Vistara had announced the launch of its operations from January 9 with flight from Delhi to Mumbai and Ahmedabad.
Vistara, which has two leased A320s as of now, will operate 148-seater Airbus A320-200 with 16 seats in business class, 36 in premium economy and 96 in economy on these routes.
The airline will operate flights from its Delhi base to Goa, Mumbai, Bengaluru, Ahmedabad, Hyderabad, Chandigarh, Srinagar, Jammu and Patna in the first year, the airline had stated in the plan, submitted to DGCA at the time of applying for AOP.
It plans to operate 87 flights in the first year, with five leased Airbus A-320s, and then scale it up to 301 flights by the fourth year with a fleet of A320s.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 08 2015 | 10:06 PM IST

Next Story