Vistara exploring newer avenues to supplement earnings; aims to have 70 planes by 2023: CEO
With a ânimbleâ approach, Vistara is focussing on a leaner cost-structure as well as exploring newer avenues to supplement earnings, its CEO Leslie Thng has said and emphasised that full-service carriers are even more relevant in the current COVID scenario.
The Delhi-based airline, which entered the domestic aviation space in January 2015, aims to have 70 planes in its fleet by 2023.
In an e-mail interaction with PTI, Thng said that full service carriers look to be relevant more in the current scenario due to less density of seats in the cabins.
RBI creates separate liquidity window of 15,000cr for hotel, tourism & aviation sector
The Reserve Bank of India (RBI) on Friday announced a separate liquidity window of INR 15,000 crore to mitigate the adverse impact of the second COVID-19 wave on certain contact-intensive sectors, reports Trisha Medhi for YourStory.
The window will remain open till March 31, 2022, with tenors of up to three years at the repo rate, RBI Governor Shaktikanta Das said in Mumbai after a meeting of the monetary policy committee.
Announcing the on-tap Liquidity Window for Contact-intensive Sectors, he said that banks can provide support to hotels and restaurants, tourism, aviation support services, and other services under this programme.
Bird Groupâs Ankur Bhatia passes away due to cardiac arrest By TBM Staff | Mumbai
Ankur Bhatia, Executive Director, Bird Group passed away this morning due to a massive cardiac arrest. He was 48. Bhatia is survived by his architect wife, Smriti and two children.
Bhatia has led the groupâs strategic thrust to create multiple drivers of growth that made a significant and growing contribution to the company and industry at large. Articulating a vision for Bird Group and direction to the consortia of companies, he is credited with bringing in the Amadeus brand to the Indian sub-continent in 1994, which today is the market leader in providing travel technology for travel agents & airlines.