Suspense Crime Sach Ka Dam
Vistara will join the Air India group on Monday. With this, the number of airlines offering full-service full-service airlines (FSCs) in the fast-growing Indian aviation sector will decrease from five to just one in the last 17 years. Let us tell you that full-service airlines (FSCs), also known as legacy airlines, provide a variety of services to passengers, including in-flight meals, snacks, drinks, pillows, blankets, in-flight entertainment, etc. Apart from this, loyalty programs, airport lounge access, connecting flights, and multi-class service are included. Full-service airlines usually operate on a hub-and-spoke model, with an extensive route network covering domestic and international destinations. They often target a wide range of passengers.
Will have a 25.1 percent stake in Air India
The Vistara merger will see the demise of yet another Indian airline jointly owned by a foreign airline formed after the liberalisation of foreign direct investment (FDI) norms. Singapore Airlines, which has a 49 percent stake in Vistara, will have a 25.1 percent stake in Air India after the merger. In 2012, the UPA government led by then Prime Minister Manmohan Singh allowed foreign airlines to buy up to 49 percent stake in a domestic airline. This led to Gulf airline Etihad acquiring a 24 percent stake in the now-defunct Jet Airways, and on the other hand, AirAsia India and Vistara were born.
Kingfisher and Air Sahara disappeared.
Vistara is also the only full-service carrier to have started operations in the last 10 years. At least five FSCs have started operations in India since the full-service carrier (FSC) Indian Airlines merged with Air India in 2007. However, Kingfisher and Air Sahara disappeared over time. Kingfisher shut down in 2012, while Air Sahara was acquired by Jet Airways. It was renamed JetLite, and it sank along with Jet Airways in 2019.
