As Vistara gets fresh fund infusion of Rs 200 cr, CEO gets tenure extension

This is the first round of fund from promoters under a new Tata Sons Chairman N Chandrasekharan

Full-service airline Vistara received a thumbs up from their promoters as it got an infusion of Rs 200 crore while Chief Executive Officer Phee Teik Yeoh got a further extension to his tenure. This fresh fund infusion is the last tranche of the second stage funding of Rs 600 crore into the airline. 

Vistara is a joint venture of the salt-to-steel conglomerate of Tata Sons and Singapore Airlines (SIA). While Tata Sons holds a 51 per cent stake, the rest is held by SIA.

This is the first round of fund infusion by Tata Sons in its aviation business after