New Delhi: Delays in regulatory approvals for international flights have had only a limited impact on Indian airline Vistara’s business, the chief executive of the Tata Sons and Singapore Airlines Ltd joint venture said on Tuesday.
In June, the airline met the requirement of having more than 20 jets needed for international flights and hoped to launch them last year, however, it is yet to receive the necessary regulatory approvals.
“We are still engaging the authorities. We are still hopeful that we should get approval soon,” Vistara CEO Leslie Thng told reporters at the CAPA India conference.
Indian airlines are turning to the international market in search of better returns at a time when CAPA India, an aviation consultancy, estimates the sector will post a collective $1.7 billion loss for the financial year ending March 31.
12/02/19 Aditi Shah/Reuters
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In June, the airline met the requirement of having more than 20 jets needed for international flights and hoped to launch them last year, however, it is yet to receive the necessary regulatory approvals.
“We are still engaging the authorities. We are still hopeful that we should get approval soon,” Vistara CEO Leslie Thng told reporters at the CAPA India conference.
Indian airlines are turning to the international market in search of better returns at a time when CAPA India, an aviation consultancy, estimates the sector will post a collective $1.7 billion loss for the financial year ending March 31.
12/02/19 Aditi Shah/Reuters
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