Il gruppo TATA entra nel trasporto aereo con Vistara


kenyaprince

Amministratore AC
Staff Forum
20 Giugno 2008
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547
VCE-TSF
Secondo uno dei nostri informatori le cui fonti sono molto attendibili pare che nell'arco del biennio 2014/15 il gruppo TATA investirà direttamente in 2 compagnie aeree in India, in particolare una compagnia low cost e una JV con Singapore Airlines sul lungo raggio.
Sembra inoltre che l'iter burocratico sia già ben avviato con concessioni governative già rilasciate e aeromobili già ordinati.


 
Re: Il gruppo TATA entra nel trasporto aereo?

Si chiama TATA SIA AIRLINES Ltd registrata a New Delhi il 5 Novembre.
51% tata e 49% Singapore Airlines
100 milioni di dollari di investimento.
51 mil tata e 49 Singapore A.
 
Re: Il gruppo TATA entra nel trasporto aereo?

Tata-Singapore Air Venture to Start Flights in Second Half 2014

Singapore Airlines Ltd. (SIA)
, Southeast Asia’s biggest carrier, and the Tata Group aim to start their joint-venture airline in the second half of this year, to tap surging air travel in world’s second-most populous nation.

The new carrier has leased 20 Airbus (AIR) A320 aircraft for a tenure of 12 years, according to Sanjay Singh, a New Delhi-based spokesman for the aviation alliance. He declined to specify the cost of the planes. “We expect to be airborne in the second half of 2014. It is difficult to predict” the exact time operations will start, he said.

The alliance will enable Singapore Air to get a foothold in a market where the number of air passengers is projected to triple to 452 million by 2020. India, Asia’s third-largest economy, in 2012 permitted foreign airlines to buy as much as 49 percent stakes in local carriers, reversing a decade-old rule and luring investments from Malaysia’s AirAsia Bhd. (AIRA) -- another Tata joint venture -- and Etihad Airways PJSC of Abu Dhabi.


India’s Foreign Investment Promotion Board approved the Singapore Air-Tata proposal, Economic Affairs Secretary Arvind Mayaram said in October. Tata will hold 51 percent and Singapore Air the rest in the New Delhi-based airline that still needs to obtain an airline license.


The Tata Group’s budget airline venture with AirAsia, Southeast Asia’s biggest budget carrier, received approval for its investment in March last year to start operations that will target smaller Indian cities out of its Chennai headquarters, AirAsia said in a Feb. 20, 2013 statement.


The twin aviation pacts by the $100 billion Tata Group last year will confront the region’s highest fuel costs, intense competition and a lack of adequate infrastructure.

Tata and Singapore Air have tried to enter Indian aviation unsuccessfully twice before. In 1994, the two had formed a venture to start an airline in India. Policy changes prevented that from starting and in 1998, Tata dropped its plan citing years of government delays. In November 2000, they teamed up to buy 40 percent in state-run carrier Air India that government was divesting. In September 2001, Singapore Air decided not to proceed with that plan.

http://www.bloomberg.com/news/2014-...nture-to-take-off-in-second-half-of-2014.html
 
Re: Il gruppo TATA entra nel trasporto aereo?

Singapore Air-Tata JV Orders Airbus A320s - Sources

January 9, 2014


Singapore Airlines has chosen Airbus's A320 to launch its new Indian joint venture with Tata Sons, scoring a victory over Boeing as the airline market in Asia's third biggest economy shows signs of a revival.

Sources familiar with the decision said a project team picked the A320 in preference to the Boeing 737.
The demise of Kingfisher Airlines in 2012 marked an end to the bitter competition that led to low ticket prices for Indian consumers and high levels of losses for its airlines.

The subsequent drop in aircraft capacity gave the airlines some breathing space, allowing them to raise fares and return to profitability. Two years later, despite a slowing economy, passenger demand has continued to grow.

TATA SIA Airlines will start flying in the full service segment in the second half of 2014, as will an AirAsia-Tata joint venture in the low-cost market.
"The fundamentals of the Indian market should eventually improve, but patience and initial losses may have to be withstood," the Centre for Aviation, a consultancy, said in a report in September.

Sources said that the SIA-Tata joint venture will order up to 20 A320s worth USD$1.83 billion at list prices. The planes will be sourced from leasing companies, rather than purchased direct from Airbus.

A Singapore Airlines spokesman referred queries to TATA-SIA Airlines' office in India, while an Airbus spokesman in Singapore said: "We do not comment on commercial discussions with existing or potential customers."

The new airline has begun recruiting pilots and is close to confirming its senior executives, including a Singapore Airlines executive as its chief executive.
It will initially operate out of New Delhi on domestic services and compete with full service carriers Air India and Jet Airways, which are the only players left in the full-service market after the collapse of Kingfisher.

Jet, in which Abu Dhabi-based Etihad has a 24 percent stake, and Air India are also expected to open tenders to replace some of their older aircraft in the coming year.

Airbus has been promoting its Airbus A350 variants strongly in the country, while Boeing expects to sell more of its 787s and get orders for the latest variant of its 777, the 777X.

However, more than 70 percent of the Indian domestic market is dominated by low-cost carriers such as IndiGo, SpiceJet and GoAir.

NEW ORDERS


The decision by TATA-SIA extends Airbus's domination of India's single-aisle aircraft segment.
IndiGo, which has the largest share of the Indian domestic market, has more than 70 A320s in its fleet and orders for around 190 more of the family of aircraft to be delivered over the rest of this decade. GoAir, which will have 20 A320s in its fleet this year, has orders for another 72 of the updated A320neo variant.

Air India's narrow-body fleet comprises mostly the A320-family of aircraft, while its low-cost subsidiary Air India Express operates around 20 737s. Jet's narrow-body fleet comprises only 737s.

Boeing's only other presence in the low-cost market comes via Spicejet, which operates just over 40 737s. On Tuesday, sources said that the airline has placed an order for 40 of the re-engined 737 MAX variants worth more than USD$4 billion at list prices.

The deal comes as Spicejet seeks new planes and new investment to revive its fortunes after posting a record quarterly loss in November, hit by high fuel costs and a weak rupee.

(Reuters)
 
Re: Il gruppo TATA entra nel trasporto aereo?

The planes will be sourced from leasing companies, rather than purchased direct from Airbus.
Infatti pare che sia stata scelta la BOC per il leasing degli a/m

BOC To Lease Airbuses To New Indian Airline

January 22, 2014
Singapore-based BOC Aviation looks poised to supply aircraft to India's latest airline as new players jostle to capture growth in Asia's third-biggest economy.
The move is an important step in plans by Tata Sons and Singapore Airlines to set up a full-service airline to compete for business with India's crowded low-cost market.
The fleet of 20 planes would initially be sourced from leasing companies, rather than purchased direct from Airbus.
That decision triggered a race for the lucrative mandate between aircraft leasing companies gathering in Dublin for annual industry meetings this week.
Industry sources who asked not to be named said the deal, or a significant part of it, was expected to go to BOC Aviation, the aircraft leasing subsidiary of Bank of China.
BOC Aviation and Airbus declined to comment.
"At this moment all that we can confirm is that Tata-SIA will be taking 20 A320 Airbus aircraft on a lease basis," a spokesman for the airline said by email.
"The leasing company and terms can't be disclosed at the moment as commercial discussions are on and may take a few weeks more."
Plane makers frequently rely on lessors to supply spare capacity and establish themselves with new airlines, hoping to sell future batches of planes directly if the carrier expands.
Leasing companies are often able to supply aircraft from their own speculative inventories at shorter notice than the manufacturers, whose production lines are sold out years ahead.
India is seen as a promising market due to the relatively low proportion of people already flying, but is also one of the world's riskiest due to aggressive price competition.
However, analysts say price-cutting has eased since the collapse of Kingfisher Airlines.
Based on current expectations, Tata-SIA will start flying in the second half of 2014, as will an AirAsia-Tata joint venture in the low-cost market.

(Reuters)
 
Re: Il gruppo TATA entra nel trasporto aereo?

Indian carriers object to new Tata-Singapore Airlines JV

Four domestic Indian carriers have objected to the Tata-Singapore Airlines (SIA) full-service airline venture, slated to launch end of this year. The four airlines—IndiGo,SpiceJet, Go Air and Jet Airways—which control three-fourths of the country’s airline market, have requested the yet-to-be named airline be denied permission to launch.
The carriers have written to the Directorate General of Civil Aviation (DGCA) under the banner of Federation of Indian Airlines (FIA). They argue the amended foreign direct investment (FDI) rules, which allow foreign airlines to buy up to 49% equity in Indian carriers, were meant for existing carriers, not startups. Indian airline analysts say the carriers are trying a last ditch effort to protect their turf.
Tata-SIA Ltd is a joint venture (JV) between Indian conglomerate Tata Sons Ltd (with a 51% stake) and Singapore Airlines (49%). The airline has begun hiring this week. It plans to start with a fleet of five Airbus A320 aircraft and an initial investment of $100 million.
The airline’s board has cleared the appointment of Singapore Airlines’ Phee Teik Yeoh as CEO.
In February, the FIA tried to block AirAsia India, a new low-cost carrier that launched in June. AirAsia India is also a new company—a JV between the Tatas, Malaysia’s AirAsia Bhd and Arun Bhatia of Telestra Tradeplace.
The regulator dismissed the objections, saying the government made it clear the policy was meant for both existing and new airlines. In a move that will help the two new airlines, the Indian government has agreed in principle to scrap a rule requiring airlines to operate for five years or have a fleet of 20 aircraft before they are allowed to launch international flights.
The rule has prevented incumbent carriers from launching more lucrative, international operations. The Indian airline industry is in a crisis mode with most carriers reporting losses over the past four years.

http://atwonline.com/airlines/indian-carriers-object-new-tata-singapore-airlines-jv
 
Re: Il gruppo TATA entra nel trasporto aereo?

Ora e' ufficiale, la nuova compagnia si chiamera' Vistara


Tatas unveil ‘luxury airline’ Vistara, target October take-off

NEW DELHI: The Tata-Singapore Airlines combine on Monday unveiled Vistara, its much-awaited joint-venture full service carrier, and said the new 'luxury' airline should fly by October, in time for Diwali.

While Vistara (which means limitless expanse) will, as per rules, begin as a domestic airline, it is eying expanding beyond India's border soon. "We look forward to the repeal of the 5/20 rule (which says an Indian carrier must be in service for five years and have a fleet of 20 aircraft before flying overseas)," TSAL CEO Phee Teik Yeoh said at the unveiling of the airline's branding, livery and crew uniform on Monday.

He said the airline — which promises to "redefine travel" — was in the "last lap" of its licensing process with the aviation regulator.
As of now, the Delhi-based airline plans to have five Airbus A-320s by the end of this year and a fleet of 20 planes in five years. The first aircraft will arrive next month. From 2016 to 2020, the carrier will get the seven A-320 new engine option aircraft which are more fuel efficient.

The Tata Group was clearly emotional with its dream of getting back into aviation materializing after several decades. Their previous two attempts with Singapore Airlines (SIA), including once to buy a stake in Air India (international) in 1999, had not been allowed to take off by business rivals.

40073190.cms

Staff members of TATA SIA Airlines Limited during the launch of Vistara

"We have been waiting for a very long time. Our relationship with SIA is a very special one that has withstood disappointment.... There is an old saying, 'The best time to plant a tree was 20 years ago, the second best time is now'," TSAL chairman Prasad Menon said. The Tata Group started Air India in 1932, which was nationalized in 1953, and it also helped SIA in its start.

The cabin crew uniform has been designed by fashion house Abraham & Thakore and will see the airhostesses wear smart kurtis and pants. The sari will only been be seen on Air India airhostesses.

Vistara promises to have unprecedented luxury on board, in terms of comfort and passenger handling with Phee Teik saying the airline's philosophy would be "athithi devo bhav". He added that a survey done by TSAL showed "Indian air travellers were made to feel a cog in the wheel or just a seat number" and that Vistara will "change this by offering personalized services".

40073204.cms

Launch of Vistara

The airline will connect its hub in Delhi to almost all important Indian cities, including the metros, within four years of launch. The cities on its network will include Mumbai, Goa, Bangalore, Srinagar, Jammu, Chennai, Jaipur, Kolkata, Guwahati and Kochi. It does not expect to compete with the Tata-AirAsia low-cost JV as the two airlines will operate in different spaces.

In the first year, Tata-SIA will have 87 weekly flights from Delhi to nine cities, including Mumbai, Goa, Bangalore, Hyderabad, Ahmedabad, Srinagar and Patna. The weekly flights are projected to rise to over 300 in the fourth year, and the number of destination cities in India will grow every year in a phased manner.

TSAL is being launched with an initial investment of $100 million, with Tatas having a 51% stake in it and SIA the rest.

http://timesofindia.indiatimes.com/...get-October-take-off/articleshow/40073092.cms
 
Re: Il gruppo TATA entra nel trasporto aereo?

The start-up has bold ambitions to set a new industry benchmark for others to follow in India. It will initially launch operations from Delhi’s Indira Gandhi International Airport serving a mixture of metros and non-metros markets where there is a clear demand for a full-service carrier.
newsarticle-243184-scaled-560x0.jpg

Tata SIA Airlines Limited (TSAL), the joint venture between Indian conglomerate Tata Sons Ltd and Asian carrier Singapore Airlines, has announced that its new full-service airline business in India will operate under the brand Vistara, a Sanskrit and Hindi word, which means limitless expanse. The carrier expects to launch operations in October 2014 using a fleet of Airbus A320s.
The start-up has bold ambitions to set a new industry benchmark for others to follow in India. It will initially launch operations from Delhi’s Indira Gandhi International Airport serving a mixture of metros and non-metros markets where there is a clear demand for a full-service carrier. Its first aircraft is due to arrive in September with a fleet of five due to be operational by the end of 2014.
In its first stage of development Vistara has committed to lease 20 A320s, including seven neos, the first of which are due to be delivered in 2017. These aircraft will cover the airline’s first five years of operations up until the end of 2019. No details on configuration have yet been revealed, although its full-service proposition would suggest a two-class arrangement with a comfortable internal layout.
The airline aims to transform the air traveller’s experience in India and claims to have an “obsession for quality in every aspect of customer engagement,” and will treat travellers as unique individuals and delight them with intuitive thoughtfulness.
“Vistara will redefine the way we travel in India. I can confidently say that Tata's and SIA's legendary hospitality standards and service excellence will make Vistara a natural choice for passengers," explained Prasad Menon, chairman, TSAL.
The name Vistara is derived from the Sanskrit word ‘Vistaar’, which means ‘limitless expanse’, and draws inspiration from the brand’s domain -- the ‘limitless’ sky. The logo is derived from a ‘yantra’, a perfect mathematical form that reflects the unbounded universe. The start-up says its “fluid interconnecting lines” reflect the seamless experience the airline wants to offer its customers.
"We aim to deliver a seamless experience via personalisation of services for guests who travel with us. Our core belief is that we will be intuitively thoughtful about our guests' needs from the time they contact us to the time they leave the airport. Whether they are leisure or business travellers, we would like to make a significant difference at every stage of their air travel experience, and truly bring back the joy of flying," said Phee Teik Yeoh, chief executive officer, TSAL.
The launch of the brand follows confirmation last month that the Indian Directorate General of Civil Aviation had rejected all objections to the start-up’s formation clearing the way for the granting of an air permit. This business applied for the Air Operator’s Permit in April 2014 after it received its No Objection Certificate from the Indian Civil Aviation Ministry.
This represents a notable development in India’s aviation sector as the Tata family has played an integral role in the development of the local sector with JRD Tata obtaining the first pilot’s licence in the country in 1929 and launching commercial services under the Tata Airlines name in 1932. Tata Airlines became a public entity in 1946 and was renamed Air India and when later nationalised in 1953, JRD Tata was appointed chairman, a role he kept until 1977.
In our analysis, below, we look at the largest operators in the domestic Indian market from Delhi’s Indira Gandhi International Airport and how their share of available seat capacity from the airport has changed over the past five years. Between 2008 and 2013 capacity has risen 31.8 per cent with an average annual growth of 6.4 per cent and the main operators have changed considerably as Indian Airlines was swallowed by Air India and Kingfisher Airlines collapsed. Low-cost carrier IndiGo is now has the largest share of domestic capacity from Delhi, although Air India continues to grow its offering.
Marketshare of Scheduled Annual Air CapacityMarketshare of Scheduled Annual Air Capacityfrom Delhi (DEL)from Delhi (DEL)IndiGo (6E)Air India(AI)Jet Airways(9W)SpiceJet(SG)GoAir (G8)Jet Lite (...Indian Air...Kingfishe...







200820082009200920102010201120112012201220132013-10-1000101020203030YearYearMarketshare (%)Marketshare (%)[TABLE="width: 510"]
[TR]
[TH]Year[/TH]
[TH]IndiGo (6E)[/TH]
[TH]Air India (AI)[/TH]
[TH]Jet Airways (9W)[/TH]
[TH]SpiceJet (SG)[/TH]
[TH]GoAir (G8)[/TH]
[TH]Jet Lite (S2)[/TH]
[TH]Indian Airlines (IC)[/TH]
[TH]Kingfisher Airlines (IT)[/TH]
[/TR]
[TR]
[TD]2008[/TD]
[TD]10.6[/TD]
[TD]2.3[/TD]
[TD]18.9[/TD]
[TD]12.6[/TD]
[TD]4.3[/TD]
[TD]8.2[/TD]
[TD]19.8[/TD]
[TD]16.9[/TD]
[/TR]
[TR]
[TD]2009[/TD]
[TD]12.2[/TD]
[TD]2.7[/TD]
[TD]16.2[/TD]
[TD]13[/TD]
[TD]6[/TD]
[TD]7.8[/TD]
[TD]18.5[/TD]
[TD]23[/TD]
[/TR]
[TR]
[TD]2010[/TD]
[TD]13.8[/TD]
[TD]2.9[/TD]
[TD]15.8[/TD]
[TD]13.7[/TD]
[TD]5.3[/TD]
[TD]7.8[/TD]
[TD]17.9[/TD]
[TD]19[/TD]
[/TR]
[TR]
[TD]2011[/TD]
[TD]16.8[/TD]
[TD]17.2[/TD]
[TD]14.6[/TD]
[TD]11.9[/TD]
[TD]8.3[/TD]
[TD]8.8[/TD]
[TD]3.7[/TD]
[TD]18.7[/TD]
[/TR]
[TR]
[TD]2012[/TD]
[TD]24.2[/TD]
[TD]23.5[/TD]
[TD]16.5[/TD]
[TD]11.2[/TD]
[TD]9.1[/TD]
[TD]7.1[/TD]
[TD]0[/TD]
[TD]8.4[/TD]
[/TR]
[TR]
[TD]2013[/TD]
[TD]27.1[/TD]
[TD]24.5[/TD]
[TD]16.8[/TD]
[TD]16.6[/TD]
[TD]10[/TD]
[TD]5[/TD]
[TD]0[/TD]
[TD]0[/TD]
[/TR]
[/TABLE]

airline route news





 
Vistara (Delhi Int'l) will reportedly commence scheduled flights on October 15 Indian media outlets have claimed. The carrier itself has yet to confirm these reports. The date is significant in that it will mark the 82nd anniversary of India's first mail flight between two cities - Bombay and Karachi - operated by an Indian company; Tata Sons' former chairman, J R D Tata.

Vistara is a joint-venture between Singapore Airlines (SQ, Singapore Changi) and the Tata Group and will lease twenty A320-200s from Singapore-based BOC Aviation. The first aircraft, cn 6278, is understood to be heading to Singapore where it will be painted into Vistara's livery.

Earlier this year, the full-service carrier stated in its application for an Air Operator's Permit to the Indian Directorate General of Civil Aviation (DGCA) that it would serve Mumbai Int'l, Goa, Hyderabad Int'l, Ahmedabad, Srinagar, Jammu, Patna and Chandigarh from its Delhi Int'l hub initially.

Thereafter, in its second year it will add a further six routes to Chennai, Lucknow, Pune, Varanasi, Kolkata, and Guwahati, while in its third and fourth year, Amritsar, Indore, and Kochi Int'l will be added.

Additional hubs will also be established as and when capacity demands it.

Ch-aviation
 
Se ci riescono e' da applausi, considerando che ancora non hanno una piattaforma di e-commerce :).

http://profit.ndtv.com/news/corpora...ch-may-get-delayed-by-couple-of-months-662135

New Delhi: The launch of Vistara, the Tata-Singapore Airlines joint venture airline, may get delayed by a couple of months due to regulatory approvals, officials said on Wednesday.

The airline, which is slated to get its first Airbus A-320 soon, had earlier announced plans to start operations in October.

The proposed carrier would have to complete various formalities before the Directorate General of Civil Aviation (DGCA) gives it the flying licence or the scheduled operator's permit (SOP), the officials said.

As part of the major formalities, the plane which arrives here would have to be painted in Vistara colours.

It would then have to carry out a number of proving flights before aviation regulator DGCA grants it clearance to launch services by granting it the airworthiness certificate, they said, adding that the painting would have to be done in Singapore.

The full-service carrier would also have to prepare the flight, operations and engineering manuals and get them approved by the DGCA, the officials who requested anonymity said, adding that all this would take at least a couple of months.

An airline spokesperson said, "Vistara is working very closely with the regulators to ensure all requisite requirements and processes are being complied with."

Delhi-based Vistara is a 51:49 joint venture between Tata Sons and Singapore Airlines and the two stakeholders have said they would put in a total investment of $100 million.

In August, Vistara CEO Phee Teik Yeoh had said, "We are in the last lap of the process of securing the SOP. There are a series of approvals which we have to get to the satisfaction of DGCA."

He had also said that the first aircraft would be coming in by September and five aircraft would be available "in our fleet by the end of this calendar year".

The proposed carrier has decided to lease 20 Airbus A-320 aircraft, including seven A-320 Neo series planes which have the latest technology on board.

The airline plans to start services to five cities and go up to 11 within a year with 87 weekly flights. The plans are to link Delhi with Mumbai, Bangalore, Goa, Hyderabad, Ahmedabad, Jammu, Srinagar, Patna and Chandigarh.
 
The Tata-Singapore Airlines joint venture Vistara will now have to wait until 2015 to begin operations due to a delay in getting their Air Operator Permit (AOP). Originally Vistara applied to the DGCA for the permit in April and had planned to launch services by September 2014 but now the delays mean that even if the permit is given tomorrow the airline will find it hard to launch forward bookings for flights within a six week timeframe.


“We are in the final phase of securing the air operator’s permit (AOP). We are working with the regulator to complete the remaining process expeditiously and look forward to launch our services soon after receiving the permission,” a Vistara spokesperson said in a statement.


That would put the launch of the airline right in the middle of the winter season, which for an airline operating across the north of India (from its base in New Delhi connecting Mumbai, Bangalore, Hyderabad, Goa, Chandigarh, Srinagar, Jammu and Patna in the first year), is a period dominated by poor weather conditions and flight cancellations as a result. Vistara could still take the planned five aircraft on lease by March 2015, but the current AOP delays have left two aircraft on the tarmac doing nothing thus far.


Vistara plans to operate 87 flights in the first year, with five leased A320s, and then scale it up to 301 flights by the fourth year. But perhaps the main reason for the DGCA delaying the AOP is the shadow of the Delhi High Court action brought against the airline which contests that the 49% FDI rule does not apply to new start-ups but only existing airlines.


All these Vistara delays are good news for the existing airlines in India but those same operators have more to cheer about today as the Tripura regional government has announced that it has slashed Value Added Tax (VAT) on Aviation Turbine Fuel (ATF) by 4% over the weekend from the existing 22% to 18%, with immediate effect.


And well they should too! The VAT of ATF has been killing airline services of late and for what? Recent figures released show the total tax collected from ATF in some Indian provinces has reduced by 50% following VAT increases on ATF. Only two years ago, the revenue generated was over Rs ten crore, but after the sharp rise of VAT this year, it was reduced to Rs 5.5 crore as airline responded by circumnavigating local suppliers and cutting services as Jet Airways did when it suspended its operations from Agartala following the increases this autumn.


Could we argue that the new progressive Indian government is starting to make an impact in its pledge to assist airlines? Things are looking up.


The one airline that needs a bit of extra help at the moment is SpiceJet and management there are in “exploratory and preliminary stage” talks with investors about raising fresh capital that it needs to return to profitability, the budget airline said in a regulatory filing today. “We wish to clarify that a few parties have approached us and evinced interest in making investments into SpiceJet Limited” the airline said. SpiceJet shares are all over the place at the moment, on Friday last they closed some 15% up after it was reported that an investor had been found, now today as this clarification was made the shares slipped back slightly by 2.37%.


Despite measures to cut costs and increase revenues, SpiceJet remains unable to return to profit without a capital injection and even then it would require between nine and 12 months following recapitalisation before it could report a profit according to the management team.


Also today, flydubai successfully raised $500 million through a five year Sukuk. The order book was over six times oversubscribed demonstrating the strong investor appetite for this paper. The $500mn five year Sukuk priced at a profit rate of 3.776%, equivalent to 200 basis points over the five-year USD Mid-swaps. The issuance is a stand-alone. Proceeds of the issuance will be used for general corporate purposes and refinancing. See Middle East, Finance below for further details.

aviation news
 
The Tata-Singapore Airlines joint venture Vistara will now have to wait until 2015 to begin operations due to a delay in getting their Air Operator Permit (AOP). Originally Vistara applied to the DGCA for the permit in April and had planned to launch services by September 2014 but now the delays mean that even if the permit is given tomorrow the airline will find it hard to launch forward bookings for flights within a six week timeframe.
Maddai, non l'avrei mai detto. I proverbiali tempi indiani si confermano tali.
Deve essere veramente difficile pianificare e fare strategie future per le compagnie che vogliono operare in India.
 
Vistara, the new joint venture between Singapore Airlines and TATA, is set to launch operation on 09JAN15. The Premium carrier will be operating service to Delhi, Ahmedabad and Mumbai. The airline will be using IATA code UK.


Delhi – Ahmedabad – Mumbai
UK970 DEL1050 – 1220AMD1310 – 1420BOM 320 D
UK980 BOM1545 – 1655AMD1735 – 1905DEL 320 D


Delhi – Mumbai
UK943 DEL0725 – 0940BOM 320 D
UK987 DEL1455 – 1705BOM 320 D
UK984 DEL1955 – 2215BOM 320 D


UK930 BOM0755 – 1005DEL 320 D
UK952 BOM1020 – 1230DEL 320 D
UK996 BOM1745 – 2000DEL 320 D
 
Fly the new feeling with Vistara




  • Unveils product, brand music, in-flight meal service, Frequent Flyer Program- Club Vistara
  • Announced strategic partnerships with Taj Group and SIA
Aiming to transform the air travel experience in India, Vistara unveiled its unique product and service elements that will fulfill its core brand promise. The full service carrier will take off on January 9, 2015 with Delhi-Mumbai, Delhi-Ahmedabad and Ahmedabad-Mumbai as its initial routes. The attention to detail in fulfilling its commitments, made when the brand was unveiled, is clear. The hassle-free check-in and boarding process, with intuitively thoughtful on-board experience, comfortable and spacious seating coupled with carefully selected meals will deliver a seamless service experience to Vistara customers.
Vistara also unveiled its tagline ‘Fly the new Feeling’, encouraging its potential customers to explore the product and feel the difference. The aural identity (brand music) of Vistara, embodies the spirit of the “carefree” world citizen connected with the emotion of the “caring” Indian soul created by a leading sonic branding agency - Brandmusiq, was also launched at the event.
Interacting with the media at the event, Mr Phee Teik Yeoh, Chief Executive Officer, Vistara, said, “Today we unveiled our long-awaited product and service elements that are a manifestation of our brand promise of delivering a seamless and personalized travel experience. My entire team and I are ready and committed to putting the joy back into flying, by being intuitively thoughtful and responsive to our customers’ needs at every stage of their travel experience. We thank everyone – our partners and well-wishers for supporting us in our journey so far. Let’s begin the New Year with a new airline and a new flying experience. We look forward to seeing you onboard soon.”
Mr Giam Ming Toh, Chief Commercial Officer, Vistara, said, “We have all been waiting a long time for this. Today we share with you details about our carefully conceived product and services, specially designed to ensure a joyful and seamless travel experience. Within three weeks, our first flight will take off and we hope to give our customers a memorable experience through the blending of our innovative spirit with traditional Indian hospitality”
Leveraging on relationships with like-minded service organisations, Vistara is working on interline sales agreements and other partnerships with a few major international airlines including Singapore Airlines and SilkAir. These partnerships, more details of which will be shared later, will give customers of our partner airlines easier access to sectors serviced by Vistara. Further development of these partnerships will bring additional benefits to Club Vistara members and strengthen our value proposition.
Vistara also announced a strategic partnership with the Taj Group, India’s largest hospitality company. With a common objective to enhance the travel experience for our mutual customers, the partnership will eventually include tie-ups which will benefit members of the Taj Inner Circle (TIC) and Club Vistara loyalty programs.

[TABLE="align: right"]
[TR]
[TD]Business Class[/TD]
[/TR]
[TR="bgcolor: #BED4E8"]
[TD]42”seat pitch[/TD]
[/TR]
[TR]
[TD]7” seat recline[/TD]
[/TR]
[TR="bgcolor: #BED4E8"]
[TD]Extendable leg rest[/TD]
[/TR]
[TR]
[TD]Height adjustable headrest[/TD]
[/TR]
[TR="bgcolor: #BED4E8"]
[TD]Personal storage space[/TD]
[/TR]
[TR]
[TD]Plated meals[/TD]
[/TR]
[TR="bgcolor: #BED4E8"]
[TD]Premium Economy[/TD]
[/TR]
[TR]
[TD]33-36”seat pitch[/TD]
[/TR]
[TR="bgcolor: #BED4E8"]
[TD]4.5” seat recline[/TD]
[/TR]
[TR]
[TD]Leather upholstery[/TD]
[/TR]
[TR="bgcolor: #BED4E8"]
[TD]Winged headrests[/TD]
[/TR]
[TR]
[TD]Individual coat hooks[/TD]
[/TR]
[TR="bgcolor: #BED4E8"]
[TD]Tray service[/TD]
[/TR]
[TR]
[TD]Economy[/TD]
[/TR]
[TR="bgcolor: #BED4E8"]
[TD]30” seat pitch[/TD]
[/TR]
[TR]
[TD]3.5” seat recline[/TD]
[/TR]
[TR="bgcolor: #BED4E8"]
[TD]Leather upholstery[/TD]
[/TR]
[TR]
[TD]Winged headrests[/TD]
[/TR]
[TR="bgcolor: #BED4E8"]
[TD]Specially designed & branded meal boxes[/TD]
[/TR]
[/TABLE]