How Vistara, AirAsia India fared
FY19 was a year of mounting losses for Tata Sons’ aviation joint ventures, Business Line reports, quoting data from the Registrar of Companies. AirAsia India’s net loss widened more than five times to ?670.93 crore while full service airline Vistara’s loss doubled to ?830.80 crore (?419.63 crore). High fuel prices, a weak rupee and intense competition caused every desi carrier to bleed in FY19. But Tata Sons is bullish on aviation: the storied business group is adding more planes, making overseas plans and reportedly evaluating a bid for the state-owned Air India.
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