New Delhi: Vistara, a joint venture between Tata Sons and Singapore Airlines, today said its fleet size will be increased to 20 by 2018, from five at present.
Phee Teik Yeoh, Chief Executive Officer, Vistara ( Tata SIA) Airlines Ltd also said that the aviation industry in India is facing challenges such as high fuel cost and a high tax regime.
"By April, we will have 6 aircraft and gradually increase to 9 by the end of this calendar year. Eventually, we will grow to 20 brand new A320 by 2018," Yeoh told reporters in a press conference.
The airlines today launched its first flight from Hyderabad to New Delhi. Having started with its operations on January 9, with 68 frequencies weekly, Vistara now operates 164 flights in a week.
According to Yeoh, all macro economic indicators are favourable to the growth of Indian aviation industry which is expected to grow at 9-10 per cent in FY16.
01/03/15 PTI/Economic Times
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Phee Teik Yeoh, Chief Executive Officer, Vistara ( Tata SIA) Airlines Ltd also said that the aviation industry in India is facing challenges such as high fuel cost and a high tax regime.
"By April, we will have 6 aircraft and gradually increase to 9 by the end of this calendar year. Eventually, we will grow to 20 brand new A320 by 2018," Yeoh told reporters in a press conference.
The airlines today launched its first flight from Hyderabad to New Delhi. Having started with its operations on January 9, with 68 frequencies weekly, Vistara now operates 164 flights in a week.
According to Yeoh, all macro economic indicators are favourable to the growth of Indian aviation industry which is expected to grow at 9-10 per cent in FY16.
01/03/15 PTI/Economic Times
