Vistara may fast-track expansion to fly abroad
Vistara is likely to speed up expansion as part of its plan to fly overseas, a top company executive said, even as the airline looks likely to face hurdles in getting planes and crew fast enough. The civil aviation ministry Wednesday removed the stipulation that airlines must operate in India for at least 5 years before venturing abroad, while retaining the rule that mandates a minimum of 20 planes before starting overseas flights. Vistara, which started in Jan 2015 and was lobbying to scrap this rule, still has only 11 planes. “We are always open to competitive offers from lessors in terms of aircraft in the near future, but the price has to be right,” said CE Phee Teik Yeoh. The airline will get 2 planes around September, and then there are no deliveries scheduled until next June. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-06-17/unaligned/vistara-may-fast-track-expansion-to-fly-abroad
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Vistara may fast-track expansion to fly abroad
Vistara is likely to speed up expansion as part of its plan to fly overseas, a top company executive said, even as the airline looks likely to face hurdles in getting planes and crew fast enough. The civil aviation ministry Wednesday removed the stipulation that airlines must operate in India for at least 5 years before venturing abroad, while retaining the rule that mandates a minimum of 20 planes before starting overseas flights. Vistara, which started in Jan 2015 and was lobbying to scrap this rule, still has only 11 planes. “We are always open to competitive offers from lessors in terms of aircraft in the near future, but the price has to be right,” said CE Phee Teik Yeoh. The airline will get 2 planes around September, and then there are no deliveries scheduled until next June. <br/>
