Air Vistara, the joint venture between Singapore Airlines Ltd and Tata Sons Ltd. received the permission to fly from the aviation regulator Directorate General of Civil Aviation (DGCA). The airline that was announced in 2013 has managed to get the Air Operator Permit (AOP) and will begin its operations next year. This joint venture finds Tata Sons Ltd as its majority stake holder in the form of 51% whereas the remaining 49% is shared by Singapore Airlines.
In an interaction with the media, the airline stated, “The AOP is a significant milestone as it is the final step in a highly technical and complex compliance process.”
After the state-run Jet Airways and Air India, Air Vistara is going to be the third in the line of full service air carrier. With its headquarters in New Delhi, Tata Sons-Singapore Airlines aim to offer world class hospitality and finest of services to all its passengers. Tata is a reputed brand based in India with its wings spread all across the globe whereas Singapore Airlines has been in the aviation sector since long and has also made a mark for itself in the industry. Tata also has ties with another low cost Malaysian airline, Air Asia seems to be taking quite big steps in this sector.
To Know More about Air Vistara flight booking
The initial investment into airlines includes over Rs. 600 crores or $100 million coming from both the partners i.e. Tata Sons Ltd and Singapore Airlines Ltd. It is estimated that the airline will have 87 flights operating weekly in the first year which will then be escalated to about 301 flights by its fourth year. As per its four year plan, the airline seems to be quite promising for the aviation market.
It currently has two leased Airbuses in the form of A-320 which will later on increase to five by its second year in the industry. The bookings for this airline will begin in a day or two. It is going to connect all major destinations of India including New Delhi, Mumbai, Hyderabad, Bangalore, Goa, Jammu, Srinagar, Goa and Patna.