Sunday, June 14, 2020

Will Vistara Be India’s New Major Carrier?

Vistara, also known as TATA SIA Airlines Limited, is an Indian full-service carrier based in Gurgaon. The airline is a joint venture between Tata Sons and Singapore Airlines and was founded in 2013. It commenced operations on January 9, 2015, and has a strong base at Delhi’s Indira Gandhi International Airport. Since then, the airline has gradually expanded its route network and fleet. By June 2016, Vistara had carried more than two million passengers. As of 2019, the airline has a small 4.7% market share in the domestic carrier market.
Last year was a very happening year in the history of the Indian airline industry. The number of passengers carried and the number of flights operated was at its all-time peak. Until the demise of Jet Airways, India’s largest full-service carrier (FSC) at that time, everything looked good. Since early April, when Jet Airways ceased operations, the Indian airline industry has taken its gradual steps to recovery. After a sudden drop in the number of flights, the airlines were not able to cater to the high passenger demand. As a result, prices increased, and passenger numbers fell.
However, the presence of low-cost carriers (LCC) like IndiGo made sure that the industry didn’t for long. By the end of 2019, the vacuum in slot availability was filled up, mostly by IndiGo, SpiceJet and Air India. But, the void left by Jet Airways in the international market will take years to recover.
As far as the Indian airline industry is concerned, the success of an FSC will always remain a question. After the demise of Kingfisher Airlines in 2012 and Jet Airways in 2019, Vistara and Air India are the only remaining FSCs in India.
14/06/20 Ayush Syal/Simple Flying

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