The new airline will leverage business class seats to improve yield per passenger and fly only to big cities.
In the previous decade, the government, with Praful Patel as the civil aviation minister, saw the introduction of an irrational 5/20 policy.
Approval was held up due to CBI investigation into international flying permit of Tata group-owned AirAsia India.
With the FIPB giving approval to the Tata-Singapore Airlines joint venture to start a full-service carrier, Tata Group Chairman Emeritus Ratan Tata on Friday met Commerce and Industry Minister Anand Sharma.
Finance Minister P Chidambaram has supported Civil Aviation Minister Ajit Singh's suggestion on doing away with a rule that bars Indian carriers from flying abroad unless they complete five years of service and own a 20-aircraft fleet.
Only a 5-year-old airline with 20 planes is allowed to fly abroad.
Foreign carriers to pick up staff from cash-strapped SpiceJet.
India perhaps is the only market in the world where full-service and low-cost fares have become one.
While media reports suggested that Tata-Singapore Airlines is looking at an all-stock merger of Jet, Tatas, in a statement said, discussions to take over Jet Airways have been preliminary and no proposal has been made
Earlier, budget carrier SpiceJet said it would hire 500 from Jet, including 100 pilots. Air India Express has also inducted around 25 commanders from the grounded airline.
Vistara starts flying in India.
The Tatas are rather overwhelmed with some facets of the airline they have discovered, but even more unnerved by what they may not have yet uncovered, reveals Anjuli Bhargava.
Indian airlines currently are required to have a minimum fleet of five aircraft and five years of operational experience for starting international services.
Market estimates suggest the airline has already totted up Rs 1,800 crore of losses in FY20, and FY21 is expected to see losses in the region of Rs 2,500 crore to Rs 3,000 crore Many in the sector say that Vistara lacks the light-footedness of the airlines with which it competes, reports Anjuli Bhargava.
Reduction in fuel price was supposed to bring back good luck for Indian airlines. But with the global spread of coronavirus, airlines are being forced to rejig their network, cut flights, and delay launches.
However, any progress on the deal depends upon Goyal giving up control of the company.
The new service 'Book My Meal', which is available on all of Jet Airways international flights, offers passengers a wide variety of meal options both in vegetarian and non-vegetarian categories.
Vistara announced the new fare model giving its economy class customers the choice to forego complimentary meal for a ticket price which is Rs 500-1000 cheaper than the standard fare.
Air India's home market share has fallen from 19.8% in January to 18% in July.
Vistara has expanded its network of agents.
'The airline business is very dynamic. If you are unable to keep up and lead, you end up last.' 'This is what has happened to Jet.'
Once again, there seems to be an airfare war in India.
Though Vistara is not a low-cost carrier, it could benefit from the fact that the difference between the fares of LCCs and economy class of full-service carriers in India is minimal today.
GoAir hopes to fly 15 million passengers by 2016-17, serve 30 destinations, up from 21 now, and will largely remain a domestic airline.
A financial turnaround with the Etihad partnership and debt restructuring has not fully materialised.
Phee Teik Yeoh says that the worst is behind them.
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