Foreign carriers to pick up staff from cash-strapped SpiceJet.
Vistara starts flying in India.
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.
The civil aviation ministry received 20 applications and it granted NOCs to sixteen companies between 2009 till now
Vistara is likely to offer 148 seats in a three-class configuration in its Airbus A320s, industry sources said.
Phee Teik Yeoh, the recently anointed chief executive officer of the airline, speaks to Business Standard on his aim of changing the rule of the game in the aviation sector by redefining service and operational experience for travellers accustomed to mere functionality.
Only a 5-year-old airline with 20 planes is allowed to fly abroad.
Indigo, the largest player in the domestic aviation space, cannot afford to ignore new entrant Vistara.
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.
National carrier Air India became part of the 27-member global airlines grouping Star Alliance, as budget airline AirAsia India launched operations and Tata-SIA joint venture carrier Vistara received the flying permit and announced its intentions to start operations from January 9.
Year 2013 saw business leaders facing the ire of hostile investigative agencies.
Chidambaram promises to maintain fiscal discipline; admits inflation is an issue.
Indian airlines currently are required to have a minimum fleet of five aircraft and five years of operational experience for starting international services.
'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.'
'I will not bog down with the setbacks. I am going to republish the book. All the copyrights rest with me,' former executive director of Air India Jitendra Bhargave tells Tinesh Bhasin about Praful Patel's pressure to withdraw his book.
Phee Teik Yeoh says that the worst is behind them.
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