Tata SIA Airlines Limited, operating as Vistara, is an Indian full-service airline, based in Gurgaon, with its hub at Indira Gandhi International Airport, New Delhi. The carrier, a joint venture between Tata Sons and Singapore Airlines, commenced operations on 9 January 2015 with its inaugural flight between Delhi and Mumbai. The airline had carried more than two million passengers by June 2016 and as of May 2019, has a 4.7% share of the domestic carrier market, making it the 6th largest domestic airline. The airline serves 34 destinations with a fleet of Airbus A320 and Boeing 737-800NG aircraft.
The airline was founded in 2013 as a joint venture (JV) between India's conglomerate Tata Sons and Singapore Airlines (SIA Group). The two companies had made a bid in the mid-1990s to launch a full service carrier in India that was unsuccessful, being denied regulatory approval by the Indian government. With India opening up its airline sector for 49 percent foreign direct investment (FDI) in 2012, Tata and SIA once again decided to float a JV airline company in India. The JV, Tata SIA Airlines Limited (TSAL), was envisaged as a premium full-service carrier to cater to the demands of high-end business travellers in India's civil aviation market dominated by low-cost carriers. India's Foreign Investment Promotion Board approved the JV in October 2013, allowing SIA to take a 49 percent stake in the airline. The two parent companies initially pledged to invest a combined US$100mn as start-up capital, with Tata Sons owning 51 percent and Singapore Airlines owning the remaining 49 percent. This was part of Tata's second major foray into the aviation sector along with a minority stake in AirAsia India. The company's first venture, Tata Airlines, was established in the 1930s and later became the flag carrier Air India after nationalization.
Livery
Airbus A320-251N(SL), registration VT-TNF, built 2017, serial number 7822 Indira Gandhi International Airport (DEL, VIDP), Delhi, India, 2 May 2018
