The state-run airline has rolled out a limited period low fare offer, starting at Rs 1,557 across its domestic network which include metro cities such as Delhi and Mumbai.
The full-service airline, which is a 51:49 joint venture between Tata Sons and Singapore Airlines, opened its bookings at 22:30 hours tonight. With Delhi as its hub, Vistara will initially offer flights to Mumbai and Ahmedabad, the airline said in its statement late tonight.
Mayuresh Joshi of Angel Broking feels the two key variables why the EPS, return ratios are down and why airliners don't make money is the interest cost and the depreciation cost.
Maintaining that the entry of Tata-SIA Airlines would benefit the Indian aviation sector, Civil Aviation Minister Ajit Singh said SIA was globally known for its expertise in technical and managerial matters and was one of the best airlines in the world.
Union Minister of Aviation Ajit Singh says, the biggest positives for the aviation sector is marked by two landmark pacts - Tata-Singapore Airlines and Jet-Etihad deals.