Kolkata, June 9 (IANS) Vistara, a joint venture between Tata Sons and Singapore Airlines (SIA), on Thursday said it will finalise its aircraft procurement plan after the outcome of the 5/20 rule.
“Plan will be clear after outcome of the 5/20 rule. Till then, we have to wait as it will help us clear many factors on procurement,” said airline’s CEO Phee Teik Yeoh.
The airline has 11 aircrafts. It will add two more by next October and plans were firmed for 20 by 2018, he said at the launch of their Kolkata-Delhi flight from Friday.
According to the present 5/20 rule, airlines in India were allowed to fly abroad only if it has domestic flying experience for five years and at least 20 aircraft in its fleet strength.
Yeoh indicated that the airline was ready to fly overseas destinations immediately once the regulatory requirement of five years flying experience was relaxed. The airline currently was only 17 months old in India.
It had realigned its seating classes this April by reducing business class and premium economy class seats and increasing economy class seats.
“New seating arrangement is complete in six aircrafts and another five would be done by July,” he said.
The airline connects 17 destinations with 457 flights a week with 80 percent load factor. In the next few months the airline plans to connect 4 destinations from the city.