According to latest data, new airlines have a combined market share of 5.4 per cent.
With its nominees on the board, Tata Sons will have the controlling stake of 51%.
The controversial 5/20 rule required an airline to have five years of domestic operations and 20 aircraft in its fleet to be able to fly abroad.
Vistara has a three-class configuration with business, premium economy and economy cabins.
The company has charted out a three step process in achieving the target
Government to ask airlines to educate flyers. 'It will be an exhaustive charter which will tell the passenger about all their rights, like whether they are eligible for a refund when there is a delay in flight, what to do in case of a flight delay and other in-flight etiquette.'
GST impact: Higher lease payouts may hit airlines, cab aggregators.
The infusion will help the airlines plan their next rounds of operations as easing of 5/20 norms
Both Vistara and AirAsia India, along with their partners, are quietly putting together an aggressive plan to become a formidable force in the skies. At the core of this new push is their plan to go international this financial year.
Most airlines have fattened their profits, turned the corner, or cut their losses, except AirAsia India.
The $100 billion Tata group conglomerate is a major beneficiary of the decision to open up aviation in India.
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