The joint venture is formed at 51:49 ratio between Tata Sons and SIA. Along with that Singapore Airlines are planning to invest $49 million and the Tatas providing the rest of the $100 million as investment.
About Vistara
On Monday, Tata and Singapore Airlines together unveiled Vistara, giving a name to the much hyped collaboration. It’s a much-awaited luxury airline that is scheduled to take off by October, in time for Diwali. This airline that promises to “redefine travel” is now in its last lap of licensing process with the aviation regulator. With its headquarters in Delhi, the airline is primarily going to have domestic flights. However, they are eying an expansion beyond Indian boarders soon.
Singapore Airlines has chosen Airbus’s A320 collaboration. From 2016 to 2020, the carrier will get seven A-320 new engine option aircraft which are more fuel efficient.
The uniform of the cabin crew would have the ethnic touch and will be designed by famed designers Abraham &Thakore.
PheeTeikYeoh, the CEO of the start-up full-service airline ‘Vistara’ commented on the full service model saying, “full-service is not just serving food in-flight, but there will be a clear strategy based on customer experience and expectations.”
Which routes will be taken by Vistara?
Tata-SIA plans to operate 87 weekly flights during this year. The airline is likely to have 14 flights per week connecting Delhi to Mumbai, Bangalore, Ahmedabad and Hyderabad. Apart from these routes, there are going to be seven flights a week to Srinagar, Patna and Chandigarh.
“Today is a momentous day for the Tata Group and Singapore Airlines. Vistara will redefine the way we travel in India. I can confidently say that Tata’s and SIA’s legendary hospitality standards and service excellence will make Vistara a natural choice for passengers”
Mr. Prasad Menon, Chairman, TSAL
A very promising collaboration indeed! Let’s hope it’s a major hit amongst the Indian flyers!
Happy flying!
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