Equity injection for Vistara

victoria@aviationnews-online.com
By victoria@aviationnews-online.com September 21, 2016 14:52

Equity injection for Vistara

Owners of Vistara, Tata Sons and Singapore Airlines, are planning to launch a rights issue to raise cash to invest Rs 250 crore in the airline to assist with expansion costs. The airline only just received a cash injection of Rs 150-crore as it builds its international preparations.

Vistara currently operates 11 A320 aircraft, which will increase to 13 next month and to 20 by June 2018.

victoria@aviationnews-online.com
By victoria@aviationnews-online.com September 21, 2016 14:52