Wednesday, December 21, 2016

Tata Sons, Singapore Airlines JV Vistara set to spread wings to foreign shores, to put plan before board

New Delhi: Vistara, the joint venture airline firm of Tata Sons and Singapore Airlines, has put in place a concrete plan for its international operations which will be presented before the board in the next couple of months for approval, Phee Teik Yeoh, the ariline’s CEO told FE. He said that once the plan is approved funding will also be tied up.
“We have had several rounds of discussion and are very close to presenting the full-fledged plan which is going through the final changes. It is not yet approved by the board and the promoters. We are coming close to finally present it to the board and thereafter we can get the funding that is required,” Phee Teik Yeoh said.
Vistara will induct the twentieth aircraft – A320Neo – and the full service airline will be eligible for flying on the international routes after that. The management is also working on finalising the code sharing partnerships with foreign airlines cutting across continents.
Phee Teik emphasized on presenting a credible plan to the board and the promoters which will be done shortly and the current focus was to expand the domestic operations and prepare in every possible way for the international operations.
Vistara got its CAT 3B certification this year, and the airline will induct its first A320 Neo aircraft in April 2017. The management expects the airline to get approval for the safety management system from IOSA which is a must for airlines before starting the international operations.
21/12/16 Mayaban Ghosh/Financial Express

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