Tuesday, July 11, 2017

Former SilkAir head to be Vistara's new CEO

The board of TATA SIA Airlines Ltd, which owns and operates the full-service airline Vistara, has appointed former SilkAir head Leslie Thng as Vistara’s new chief executive officer (CEO), effective from October 2017. Singapore-based regional air carrier SilkAir is a wholly- owned subsidiary of Singapore Airlines (SIA), which owns a 49 percent stake in TATA SIA Airlines Ltd.

Leslie Thng will succeed Vistara’s incumbent CEO Phee Teik Yeoh, who has been at the helm since the airline commenced commercial operations in January 2015.

“Phee Teik Yeoh will be returning to Singapore Airlines (SIA) to take up a senior appointment,” read a statement from Vistara on Tuesday. Yeoh is credited for having successfully launched Vistara which, in two years, has been able grab a 3.2 percent share of the domestic air passenger traffic in India

According to the Directorate General of Civil Aviation, in the January to March quarter of the ongoing calendar year, Vistara carried 865,000 passengers, higher than that of low-cost airline AirAsia India (807,000), which began operations in June 2014, six months earlier than Vistara. At present, Vistara operates over 700 flights a week, and on the truck route of Mumbai to Delhi, the airline operates 10 flights a day.
11/07/17 Anshul Dhamija/Forebes India