Vistara, the joint venture airline of Tata Sons and Singapore Airlines, is looking to cash in on a turmoil in the aviation sector, with the largest private airline Jet Airways's being grounded and Air India struggling to stay afloat, by infusing money into fleet expansion.
Vistara promoters, Tata Sons and Singapore Airlines, have pumped Rs 4,000 crore into the airline in the last one year, according to a Livemint report, the largest capital infusion Vistara has received in a year since it started flying in 2015.
Earlier, Vistara had said it had hired around 500 ex-employees of Jet Airways including pilots, the cabin crew, engineers and other staff.
Both Jet and Air India have vacated a number of flying sectors, freeing up dozens of slots at airports and paving way for other carriers to expand operations faster.
The airline is ramping up its presence in the domestic market, having added six planes, including four Boeing 737s, to its fleet in April. These Boeing 737s were earlier flown by Jet Airways and will have two class configurations (12 business and 156 economy seats).
At present, the full-service carrier connects 24 destinations, operates over 850 flights a week served by a fleet of 22 Airbus A320 aircraft.
27/05/19 Business Standard
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Vistara promoters, Tata Sons and Singapore Airlines, have pumped Rs 4,000 crore into the airline in the last one year, according to a Livemint report, the largest capital infusion Vistara has received in a year since it started flying in 2015.
Earlier, Vistara had said it had hired around 500 ex-employees of Jet Airways including pilots, the cabin crew, engineers and other staff.
Both Jet and Air India have vacated a number of flying sectors, freeing up dozens of slots at airports and paving way for other carriers to expand operations faster.
The airline is ramping up its presence in the domestic market, having added six planes, including four Boeing 737s, to its fleet in April. These Boeing 737s were earlier flown by Jet Airways and will have two class configurations (12 business and 156 economy seats).
At present, the full-service carrier connects 24 destinations, operates over 850 flights a week served by a fleet of 22 Airbus A320 aircraft.
27/05/19 Business Standard
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