Equity injection for Vistara

Eleanor Steed
By Eleanor Steed 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.

Eleanor Steed
By Eleanor Steed September 21, 2016 14:52