New Delhi: India's newest airline Vistara took to the skies on Friday, marking the return of the Tata Group into the aviation business after six decades. Vistara is now the third full-service carrier in the country, after state-run Air India and private carrier Jet Airways. The inaugural flight took off from Delhi's T3 Terminal for Mumbai.
Tata Group's chairman emeritus Ratan Tata said it has been a long-cherished dream for the Tata group to establish a world-class full service airline in India and he would dedicate this day to late JRD Tata, the former chairman of the group and India's first licensed pilot. "Today, that dream has come to life," said Ratan Tata.
Vistara is a 51:49 joint venture of Tata Group and Singapore Airlines. Vistara marks the third attempt by Tata Group for re-entering the airline business. In 1995, the Tata Group had teamed up with Singapore Airlines to float an airline, but its proposal failed to take wings. In 2000, the duo's proposal to buy into Air India also fell through. In 1932, Tata Group started Tata Airlines, which was renamed Air India and later nationalised in 1953.
(With inputs from agencies)