New Delhi: The CEO of Tata-SIA joint venture airline Vistara today expressed hope that the government would soon do away with the '5x20 Rule', which mandates a carrier to be five-year-old and have at least 20 aircraft in its fleet before being allowed to serve international market as well.
"We are hopeful that the '5x20 Rule' will go away shortly. If the Indian aviation industry has to be on the global map, this rule must go...," Vistara chief executive officer Phee Teik Yeoh said here.
The New Delhi-based full service carrier, in which Tata Sons holds 51% stake and Singapore Airlines remaining 49%, will start operations on January 9 on Delhi- Mumbai, Delhi-Ahmedabad and Ahmedabad-Mumbai routes.
Vistara had been granted the Air Operator Permit (AOP) by the Directorate General of Civil Aviation last week.
The airline plans to operate 87 flights in the first year with a fleet of five Airbus A320 aircraft, and then scale it up to 301 flights by the fourth year.
22/12/14 PTI/Business Standard
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"We are hopeful that the '5x20 Rule' will go away shortly. If the Indian aviation industry has to be on the global map, this rule must go...," Vistara chief executive officer Phee Teik Yeoh said here.
The New Delhi-based full service carrier, in which Tata Sons holds 51% stake and Singapore Airlines remaining 49%, will start operations on January 9 on Delhi- Mumbai, Delhi-Ahmedabad and Ahmedabad-Mumbai routes.
Vistara had been granted the Air Operator Permit (AOP) by the Directorate General of Civil Aviation last week.
The airline plans to operate 87 flights in the first year with a fleet of five Airbus A320 aircraft, and then scale it up to 301 flights by the fourth year.
22/12/14 PTI/Business Standard
