Yuthika Bhargava

T he start of the new financial year was a tough one for Vistara, which until now had the reputation of providing the best customer service among Indian carriers.

As part of the agreement, Air India, along with other Tata Group airlines, and Bangalore International Airport Limited will collaborate to enhance connectivity, operational efficiency.

The Tata-owned airline had to cancel flights in the past few weeks, the key reasons being crew unavailablity and stretched pilot rosters.

If successful, FPO is expected to not only increase company's competitiveness & slow its ongoing loss of market share, but also to significantly reduce risk of a duopoly in the industry.

Unifying India's four airspace regions into one, controlled from Nagpur, is expected to make air traffic operations more efficient, safer and seamless, enabling it to handle more capacity.

The fresh purchase follows the airline's order for 500 Airbus aircraft last June – the largest ever single aircraft order by any airline.

Govt sought clarification of SC's 2012 judgment as a precaution and 'to cover all bases', it is learnt, and application was filed in December last year.

Govt became shareholder in VI last yr after it approved company's plans to convert Rs 16,000 cr of interest liability it owed govt into equity. Price of Vodafone stock has risen post FPO.

Airline announced an agreement last week to place orders for 30 Airbus A350-900 aircraft, which would help expand its international network to long-haul destinations.

In 2021, the government allowed telcos to convert interest on deferred spectrum payments and AGR dues into equity. This made it the single largest stakeholder in Vodafone Idea.