Wednesday, May 01, 2019

This could be the best summer yet for Vistara. Here is why

Vistara, the Tata group – Singapore Airlines joint venture was infused with equity of Rs 900 crore by the shareholders recently. This came amid speculation that the Tatas, which also own a majority stake in AirAsia India, would bid for Jet Airways. The bid was never made and the group withdrew after initial talks in November. Vistara has been in losses since inception in January 2015. That is understandable as the airline industry does not give instant returns. However, the airline has also had a steep learning curve, having to re-configure the aircraft twice in the past.
Read Ameya Joshi's analysis  >>

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