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Vistara exploring newer avenues to supplement earnings; aims to have 70 planes by 2023: CEO Thng

Overall, the airline aims to have 70 aircraft in the fleet by 2023, he said.

With a “nimble” approach, Vistara is focussing on a leaner cost-structure as well as exploring newer avenues to supplement earnings, its CEO Leslie Thng has said and emphasised that full service carriers are even more relevant in the current COVID scenario.

The Delhi-based airline, which entered the domestic aviation space in January 2015, aims to have 70 planes in its fleet by 2023.

In an e-mail interaction with PTI, Thng said that full service carriers look to be relevant more in the current scenario due to less density of seats in the cabins.

With the pandemic, there is increased focus on social distancing during air travel.

The airline has been “nimble” in approach, and has always believed that the market is big with space for all players, given the diverse needs of customers. While some temporary adjustments and modifications have been done to its short-term plans, the airline remains focused on its long-term vision of densifying domestic network and expanding globally, he noted.

“We have observed an increase in demand for the premium cabins, even amongst newer customer segments, as they look for greater safety, comfort and social distancing.

“We are at an advantage with our sought-after, highly differentiated product with three cabin classes (business, premium economy and economy), which continues to attract customers across varied segments,” the Vistara chief said.

Vistara has a fleet of 46 aircraft.

According to him, the airline has renegotiated various contracts with partners and implemented salary cuts to reduce operating expenditures besides leveraging on opportunities such as commercial cargo, charter flights, and also introducing several ancillary services to generate additional revenues.

“Our overall focus was to achieve and maintain a leaner cost-structure while exploring newer avenues to supplement our earnings,” he pointed out.

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