Vistara to add 17 more aircraft by 2024: CEO

Vistara, the full-service carrier that will be merged with the Air India Group by mid-2024, will take delivery of 17 more aircraft, bringing its fleet size to 70, allowing it to add more frequencies to its existing European destinations and future long-haul routes, according to its CEO Vinod Kannan.

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Vistara to add 17 more aircraft by 2024: CEO — Vistara will take delivery of 17 more aircraft | Image credits to owner

However, Mr. Kannan told journalists during a press conference that the airline’s plans to add flights to the United States are now on hold due to the delayed delivery of Boeing 787-9s and because the route is “resource consuming,” requiring 2.5 to 3 aircraft for daily flights from India.

Delayed in delivery of Aircraft

Following concerns raised by American regulator Federal Aviation Administration, Boeing had stopped delivering 787-9s. Now, Boeing has informed Vistara that it will be able to deliver one Boeing 787-9 by “March or April” of 2023 and the remaining three by March 2024. Currently, three 787s are being used by Vistara for flights to London, Frankfurt, and Paris. The remaining 13 aircraft are divided into three A320 neos and ten A321s.

“All 70 aircraft were supposed to be delivered by the second quarter of 2023 according to the original schedule, which was postponed due to slowdown and manufacturing issues as well as delays we had negotiated because of Covid.”
the CEO said

Vistara announced its quarterly profit

Announcing its first quarterly profit in eight years of operation for the quarter ended December 2022 and a positive EBITDA (earnings before interest, tax, depreciation, and amortisation) for the current financial year, Vistara on Monday attributed the results to a “game-changing” international expansion and a stable operating environment with high passenger demand and expensive airfares.

The airline launched its international operations just six months before the pandemic began, and as of today, it serves 12 foreign destinations, which together make up 25% of its total capacity and 25% to 30% of its operating revenue.