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NEW DELHI: The Tata-Singapore Airlines combine on Monday unveiled Vistara, its much- awaited joint-venture full service carrier, and said the new 'luxury' airline should fly by October, in time for Diwali. While Vistara (which means limitless expanse) will, as per rules, begin as a domestic airline, it is eying expanding beyond India's border soon. "We look forward to the repeal of the 5/20 rule (which says an Indian carrier must be in service for five years and have a fleet of 20 aircraft before flying overseas)," TSAL CEO Phee Teik Yeoh said at the unveiling of the airline's branding, livery and crew uniform on Monday. He said the airline — which promises to "redefine travel" — was in the "last lap" of its licensing process with the aviation regulator.
As of now, the Delhi-based airline plans to have five Airbus A-320s by the end of this year and a fleet of 20 planes in five years. The first aircraft will arrive next month. From 2016 to 2020, the carrier will get the seven A-320 new engine option aircraft which are more fuel efficient. The Tata Group was clearly emotional with its dream of getting back into aviation materializing after several decades. Their previous two attempts with Singapore Airlines (SIA), including once to buy a stake in Air India (international) in 1999, had not been allowed to take off by business rivals.
Staff members of TATA SIA Airlines Limited during the launch of Vistara
Read more here:
Tatas unveil ‘luxury airline’ Vistara, target October take-off - The Times of India
As of now, the Delhi-based airline plans to have five Airbus A-320s by the end of this year and a fleet of 20 planes in five years. The first aircraft will arrive next month. From 2016 to 2020, the carrier will get the seven A-320 new engine option aircraft which are more fuel efficient. The Tata Group was clearly emotional with its dream of getting back into aviation materializing after several decades. Their previous two attempts with Singapore Airlines (SIA), including once to buy a stake in Air India (international) in 1999, had not been allowed to take off by business rivals.
Staff members of TATA SIA Airlines Limited during the launch of Vistara
Read more here:
Tatas unveil ‘luxury airline’ Vistara, target October take-off - The Times of India