SIA’s Indian venture could be delayed – report
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Singapore Airlines’ (SIA) new Indian carrier is likely to miss its target of starting operations in October 2014, due to a delay with regulatory approvals, it has been reported.
Bloomberg cited an unnamed government official, said to have “direct knowledge of the situation”, as saying that the certification process for the new joint venture could take a further two or three months
SIA owns 49% of Vistara – the name of the new Delhi-based airline – with Indian conglomerate Tata Sons holding the remaining 51%.
A spokesperson for Vistara said the new airline is “working very closely with the regulators to ensure all requisite requirements and processes are being complied with”. But no information on the launch date was provided.
Vistara will initially operate domestic routes to key domestic destinations using a fleet of single-aisle Airbus A320 aircraft, with Delhi Airport as its main base.
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