New Singapore Airlines-Tata joint venture Vistara to take off in October

VistaraSingapore Airlines and Tata Sons Ltd. said on August 11 that they have named their new airline Vistara and plan to start flights in October.

The new full-service airline – which will compete with Jet Airways India and Air India Ltd. – should have up to five Airbus 320 single-aisle jets by December, Phee Teik Yeoh, chief executive of Tata SIA Airlines Ltd. said at a news conference.

He said the plan is to increase the fleet size to 20 planes in five years – which would include seven A320-200 planes and 13 A320neo jets.

“We believe that there is an immense potential in the aviation sector in India,” Yeoh said.

The name Vistara is derived from the Sanskrit word Vistaar, which means limitless expanse, the company said. Its logo is built around an eight-pointed star which the company said is a symbol of the unbounded universe.

Tata SIA Airlines is owned 51 per cent by Tata Sons, and the remainder by Singapore Airlines.

Tata has another new airline, AirAsia India Pvt., a joint venture of Malaysia’s AirAsia and India’s Telestra Tradeplace which started offering flights in June.

The entry of Vistara comes as most airlines in India are losing money because of rising fuel prices, high airport charges and intense competition that hasn’t allowed to them to increase fares.

Despite the current challenges, companies and analysts predict that Asia’s third-largest economy will grow to become one of the biggest aviation markets in the world by 2020.

“We are confident about the timing of the launch of this joint venture and it will stimulate demand,” said Mukund Rajan, member of the group executive council of Tata Sons, and director of Tata SIA.



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Singapore Airlines and Tata Sons Ltd. said on August 11 that they have named their new airline Vistara and plan to start flights in October. The new full-service airline - which will compete with Jet Airways India and Air India Ltd. - should have up to five Airbus 320 single-aisle jets by December, Phee Teik Yeoh, chief executive of Tata SIA Airlines Ltd. said at a news conference. He said the plan is to increase the fleet size to 20 planes in five years - which would include seven A320-200 planes and 13 A320neo jets. "We believe that there is...

VistaraSingapore Airlines and Tata Sons Ltd. said on August 11 that they have named their new airline Vistara and plan to start flights in October.

The new full-service airline – which will compete with Jet Airways India and Air India Ltd. – should have up to five Airbus 320 single-aisle jets by December, Phee Teik Yeoh, chief executive of Tata SIA Airlines Ltd. said at a news conference.

He said the plan is to increase the fleet size to 20 planes in five years – which would include seven A320-200 planes and 13 A320neo jets.

“We believe that there is an immense potential in the aviation sector in India,” Yeoh said.

The name Vistara is derived from the Sanskrit word Vistaar, which means limitless expanse, the company said. Its logo is built around an eight-pointed star which the company said is a symbol of the unbounded universe.

Tata SIA Airlines is owned 51 per cent by Tata Sons, and the remainder by Singapore Airlines.

Tata has another new airline, AirAsia India Pvt., a joint venture of Malaysia’s AirAsia and India’s Telestra Tradeplace which started offering flights in June.

The entry of Vistara comes as most airlines in India are losing money because of rising fuel prices, high airport charges and intense competition that hasn’t allowed to them to increase fares.

Despite the current challenges, companies and analysts predict that Asia’s third-largest economy will grow to become one of the biggest aviation markets in the world by 2020.

“We are confident about the timing of the launch of this joint venture and it will stimulate demand,” said Mukund Rajan, member of the group executive council of Tata Sons, and director of Tata SIA.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00