As per International Air Transport Associations (IATA) reports, India is one of the most lucrative markets of the world. A few decades back, the flag airline of the country – Air India – was the largest service provider in the sub-Saharan region. The country may once again become the base of the largest airline in the same region if the current trend continues. Two new airlines started their operation in the year 2014; AirAsia and Vistara. The prior one is an Indian arm of the Malaysia-based company, while the latter is a Tata Group-owned airline, marking the return of this business conglomerate in the aviation business. AirAsia is a low-cost carrier (LCC) and primarily serves cities in South India, while Vistara is a full-service operator aiming the market of Tier II and III cities along with metros. It will launch the first flight on 9th of January on Delhi and Mumbai route, followed by Ahmedabad. It is expected that flights to Kanpur, Varanasi and Lucknow may soon be announced by the carrier.
The Tata Group owns 51 percent stakes in the company and rest belongs to the Singapore Airlines (SIA) – one of the leading carriers of Singapore. As per reports, both companies invested a total of around $100 million to start the carrier. It has recently received the Air Operator Permit (AOP), after conducting the test in the presence of the Directorate General of Civil Aviation (DGCA) authorities. All other legal formalities have also been completed, and it is all set to expand its business. The airline plans to operate 87 weekly flights from the primary hubs at Delhi and Mumbai Airports. Destinations like Hyderabad, Jammu, Patna, Bangalore, Goa and Bangalore are included in the current list. As per industry experts, Leh, Pantnagar, and Trivandrum-Mangalore flights will soon make their way to this list.
Initially, it will operate from terminal 4, which is used by global operators. Later, slots of Terminal 3, which is under construction, will be assigned to the carrier. It is dedicated for domestic carriers, and other airlines like Jet Airways, IndiGo, AirAsia and Air India will also operate from the same platform by the end of July 2015.
The Tata Group owns 51 percent stakes in the company and rest belongs to the Singapore Airlines (SIA) – one of the leading carriers of Singapore. As per reports, both companies invested a total of around $100 million to start the carrier. It has recently received the Air Operator Permit (AOP), after conducting the test in the presence of the Directorate General of Civil Aviation (DGCA) authorities. All other legal formalities have also been completed, and it is all set to expand its business. The airline plans to operate 87 weekly flights from the primary hubs at Delhi and Mumbai Airports. Destinations like Hyderabad, Jammu, Patna, Bangalore, Goa and Bangalore are included in the current list. As per industry experts, Leh, Pantnagar, and Trivandrum-Mangalore flights will soon make their way to this list.
Initially, it will operate from terminal 4, which is used by global operators. Later, slots of Terminal 3, which is under construction, will be assigned to the carrier. It is dedicated for domestic carriers, and other airlines like Jet Airways, IndiGo, AirAsia and Air India will also operate from the same platform by the end of July 2015.
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