8/12/2014 4:00:27 PM
|written By : Team India Se|
The Tata-Singapore Airlines alliance has named its Indian venture - 'Vistara'. "Vistara is inspired by 'Vistaar', a Sanskrit word that defines the world of limitless expanse," the company tweeted.
The airline is expected to start operations from October this year subject to approvals from the aviation regulator DGCA (Directorate General of Civil Aviation. "It's a momentous day in the history of Indian aviation. Vistara will redefine the way people travel in India" Prasad Menon, Chairman, TATA Singapore Airlines Ltd said.
The joint venture is 49 per cent-owned by Singapore Airlines and 51 per cent held by Tata Group. It plans to operate 87 flights a week during its first year of operation and nearly double that number during its second year.
"We are in the last lap of the process of securing the Air Operator Permit (AOP of flying licence). There are a series of approvals which we have to get to the satisfaction of DGCA," said Phee Teik Yeoh, CEO, Vistara.
'Vistara' initially plans to operate domestic flights, but will eventually expand to international full-service flights.
The Tata group has already set up another airline with Malaysia-based budget carrier AirAsia.