Hurry up don’t miss your Two days Free Trial with us click http://www.ripplesadvisory.com and Financial Trading recommendations for free for two days and you can give us a missed call on @ 9644405056
Singapore Airlines (SIA) has invested more than SGD 100 million in Indian carrier Vistara, twice the amount initially planned, a daily reported. The airline is “encouraged” by Vista's performance so far but an SIA spokesman declined to confirm funding details, citing commercial confidentiality, according to The Straits Times. Profits are not expected until 2020 at the earliest but the New Delhi-based carrier, which has been flying domestically for more than two years, is growing nicely, the Singapore daily cited analysts as saying.
In June next year, the 49-per cent SIA owned Vistara will collect its 20th aircraft, a significant milestone which will pave the way for the airline to operate international flights. Tata Group owns the rest 51 per cent stake in joint venture airline. Under Indian civil aviation rules, Vista must have at least 20 planes before it can fly outside the country.
No comments:
Post a Comment