Vistara, the joint venture between Tata Sons and Singapore Airlines recently inducted the 21st aircraft into its fleet, making it eligible to ply on international routes. The new aircraft is an Airbus A320 Neo aeroplane which has a capacity of 158 passengers.
The airline will strengthen its network with the acquisition of this aircraft, with it hoping to increase the frequency of its flights.
Vistara, which was set up in 2013 currently operates around 800 flights domestically (each week). It flies to 22 destinations across the country.
In a market which has seen low-cost carriers create a mark for themselves, Vistara has managed to create a niche for itself as a full-service carrier.
Increasing its fleet will help Vistara compete with other airlines like Indigo, which recently added 16 new aircraft to its fleet. Indigo, with 165 aircraft currently flies to over 50 destinations, including international cities as well.
Vistara which had suffered a loss of Rs.518 crore in FY17 will hope for a turnaround in its financial reports. Its net loss in FY16 was Rs.400 crore.
Sources (New Indian Express, Business Today)