Singapore: Indian airline Vistara expects to grow its fleet size by over a third by the end of this year as it charts an aggressive expansion plan encouraged by the potential of the fast-growing domestic market, its top executive said.
Vistara CEO Leslie Thng speaks at an aviation conference in Mumbai, January 16, 2019. REUTERS/Francis Mascarenhas/Files
The company expects to end 2019 with 41 aircraft, up from 30 at present and 22 at March-end, Chief Executive Leslie Thng said on Wednesday.
The carrier, a joint venture between Tata Sons and Singapore Airlines Ltd, completed its first international flight to Singapore on Wednesday.
The full-service airline has announced plans to add routes from India to Bangkok and Dubai as it sought to fill the gap left after the collapse of rival Jet Airways Ltd in April.
“India is a market that is growing, the economy is growing. Demand for premium products will continue to grow - there is still a gap that we are trying to restore in the market,” said Thng.
Vistara has hired 600 former Jet employees, including over 100 pilots, Thng told reporters in Singapore.
It has taken delivery of seven Boeing 737s from Jet’s lessors and will have two more by August-end on short-term leases of 1 to 4 years.
07/08/19 Reuters
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Vistara CEO Leslie Thng speaks at an aviation conference in Mumbai, January 16, 2019. REUTERS/Francis Mascarenhas/Files
The company expects to end 2019 with 41 aircraft, up from 30 at present and 22 at March-end, Chief Executive Leslie Thng said on Wednesday.
The carrier, a joint venture between Tata Sons and Singapore Airlines Ltd, completed its first international flight to Singapore on Wednesday.
The full-service airline has announced plans to add routes from India to Bangkok and Dubai as it sought to fill the gap left after the collapse of rival Jet Airways Ltd in April.
“India is a market that is growing, the economy is growing. Demand for premium products will continue to grow - there is still a gap that we are trying to restore in the market,” said Thng.
Vistara has hired 600 former Jet employees, including over 100 pilots, Thng told reporters in Singapore.
It has taken delivery of seven Boeing 737s from Jet’s lessors and will have two more by August-end on short-term leases of 1 to 4 years.
07/08/19 Reuters
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