According to a report by Tarun Shukla in Mint, Tata SIA Airlines Ltd.-promoted Vistara has asked the Centre to delay the implementation of a new rule that makes it mandatory for local airlines to deploy planes to connect smaller towns, saying it will affect the viability of new airlines. Vistara said it wants at least a one-year grace period after it starts operation before the regional connectivity rule is implemented, as it could potentially impact start-ups such as AirAsia India and six other companies that have recently won airline licences.
“We would like to submit that this proposal will only accelerate the immediate demise of new start-ups before they are given the opportunity and time to bolster their performance, financially and operationally,” Vistara wrote in a letter to the Ministry of Civil Aviation, Government of India.
25/09/14 TravelBizMonitor
To Read the News in full at Source, Click the Headline
“We would like to submit that this proposal will only accelerate the immediate demise of new start-ups before they are given the opportunity and time to bolster their performance, financially and operationally,” Vistara wrote in a letter to the Ministry of Civil Aviation, Government of India.
25/09/14 TravelBizMonitor
