Vistara launch delayed; India cuts VAT on ATF, and that flydubai sukuk

The Tata-Singapore Airlines joint venture Vistara will now have to wait until 2015 to begin operations due to a delay in getting their Air Operator Permit (AOP). Originally Vistara applied to the DGCA for the permit in April and had planned to launch services by September 2014 but now the delays mean that even if the permit is given tomorrow the airline will find it hard to launch forward bookings for flights within a six week timeframe. “We are in the final phase of securing the air operator’s permit (AOP). We are working with the regulator to complete the remaining