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India's newest airline Vistara - in which SIA has 49 per cent stake - eyes October launch

Published on Aug 12, 2014 1:48 AM

NEW DELHI (AFP) - India's newest airline announced on Monday flights could begin in October, saying it was "bullish" about the future even as a rival carrier reported a big loss.

The new airline, to be called Vistara - a Sanskrit word meaning "limitless expanse" - is 49-per-cent-owned by Singapore Airlines (SIA), while the Mumbai-based Tata conglomerate controls 51 per cent.

The airline will offer both business and economy class, new chief executive Phee Teik Yeoh told reporters in New Delhi, and hoped to start flying passengers "sometime in October", subject to approval by India's Directorate General of Civil Aviation (DGCA).

The previous Congress government began allowing foreign airlines to buy up to 49 per cent stakes in Indian carriers in 2012.

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