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Vistara

Full company profile

uuid0000e5g

Namestring
Vistara
Legal namestring
Tata SIA Airlines Ltd
Websiteurl
airvistara.com
Company typeenum
Private
Founded yearint
2015
Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersHaryana, India
HQ citystring
Haryana
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
full-service airline, passenger air travel, air cargo services, loyalty program, corporate travel booking
Industry3 codes
1Regional Network Full-Service Airlines (Hub-and-Spoke)
CodeTHABAAACPrimaryYes
2Long-Haul Full-Service Airlines (Widebody Operators)
CodeTHABAAAHPrimaryNo
3Global Network (Intercontinental) Full-Service Airlines
CodeTHABAAAAPrimaryNo
NAICS code2 codes
  • Scheduled Passenger Air Transportation481111
  • Scheduled Air Transportation48111
SIC code1 code
  • Air Transportation, Scheduled4512
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Passenger Ticket Sales
TypeTransaction Fee
Description

Primary revenue stream from selling air tickets across cabin classes (Economy, Premium Economy, Business Class) on domestic and international routes. Passengers could book through direct channels (website, app, airport), travel agents, and corporate agreements.

travelandtourworld.com
2Cargo Services
TypeTransaction Fee
Description

Cargo operations connecting Chandigarh and other cities to Delhi, Mumbai, and Bengaluru, generating additional revenue from freight transport.

timesofindia.indiatimes.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain
Pricing details1 tier
1Economy, Premium Economy, and Business Class fare tiers
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Dynamic pricing based on route, travel date, booking class, and cabin tier. Full-service carrier included complimentary meals, beverages, and checked baggage.

businesstimes.com.sg
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Vistara operated scheduled full-service passenger air travel across Economy, Premium Economy, and Business Class cabins on domestic Indian and international routes spanning Asia, Australia, Europe, the Middle East, and North America. The airline also provided air cargo services on key domestic corridors and operated the Maharaja Club frequent flyer program, with a dedicated AIBIZ platform for corporate travel accounts. Following the November 2024 merger into Air India, the Vistara brand ceased independent operations and its routes, fleet, and loyalty members were absorbed into Air India Group.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Vistara operated as a full-service airline joint venture between Tata Group (51%) and Singapore Airlines (49%), offering premium air travel services across domestic and international routes. Following the November 2024 merger with Air India, the Vistara brand was absorbed into Air India Group, with services now consolidated under the Air India brand. The combined entity operates as India's largest full-service carrier, offering air travel, cargo services, and loyalty programs through Maharaja Club. The product portfolio includes core flight services, corporate travel management, and various ancillary add-on services.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Vistara operated as a Star Alliance member through Singapore Airlines' membership, enabling customers to earn and redeem miles across the global alliance network, access lounge facilities worldwide, and benefit from seamless connections with partner airlines across 195 countries.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Vistara merged with Air India in November 2024 under Tata Group ownership, creating India's largest full-service airline. The merger combined four airline brands (Air India, Vistara, Air India Express, AIX Connect) into a streamlined two-airline structure. Vinod Kannan served as Chief Integration Officer during the merger process.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Air India is the merged full-service entity that absorbed Vistara in November 2024 and operates the same widebody and narrowbody fleet, cabin classes, and international network. Tata Group owns the controlling stake; Singapore Airlines holds 25.1%.

TypeBroad incumbent
Description

Emirates is a global full-service carrier operating widebody aircraft from its Dubai hub to India, competing with Vistara's long-haul international routes to Europe, North America, and Australia via Middle East connections. It is a key indirect competitor for premium India-origin traffic.

TypeEmerging player
Description

Akasa Air is a newer Indian domestic airline that entered the market with a Boeing 737 MAX fleet, positioning as a low-cost carrier with improved customer experience. It is an emerging competitor that pressures full-service economics on the same domestic routes Vistara previously served.

TypeDirect peer
Description

Jet Airways was India's former full-service private carrier that ceased operations in 2019 and has since been undergoing revival efforts. It was a direct historical competitor to Vistara on full-service domestic and international Indian routes before its grounding.

TypeDirect peer
Description

SpiceJet is an Indian low-cost and regional carrier competing with Vistara/Air India on domestic routes and select international corridors. It overlaps with Vistara on Boeing 737 narrowbody operations and was even a biofuel trial partner.

TypeBroad incumbent
Description

Qatar Airways operates from Doha hub with extensive India connectivity, competing directly with Vistara/Air India on premium long-haul and Middle East routes. It is recognized as a top global full-service airline and a benchmark for cabin and lounge experience.

TypeDirect peer
Description

Air India Express is the international low-cost arm of the Air India Group, focused on routes to the Middle East and Southeast Asia. It is a sister brand that competed with Vistara's international short-haul operations and is now a sibling under the same Tata aviation consolidation.

TypeBroad incumbent
Description

Cathay Pacific is a long-haul full-service Asian network carrier competing on India-Asia and onward global routes. It shares the Star Alliance membership via Vistara/Singapore Airlines connections and is comparable as a premium international widebody operator.

TypeDirect peer
Description

IndiGo is India's largest airline by market share and capacity, operating domestic and short-haul international routes from India. It is the most direct competitor to the combined Air India Group (incorporating Vistara) on Indian domestic routes and sets the dominant fare benchmark.

TypeBroad incumbent
Description

Singapore Airlines was Vistara's 49% JV partner and remains a 25.1% shareholder in the merged Air India Group. As a global full-service network carrier with a long-haul widebody fleet and Star Alliance membership, it served as the operational and service benchmark for Vistara.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Vistara firmographics

Firmographics
Name
Vistara
Legal name
Tata SIA Airlines Ltd
Website
https://airvistara.com
Company type
Private
Founded year
2015
Operating status
Acquired
Headcount range
5,001–10,000 employees
Ownership category
akta.pro rank

Vistara industry classification

Industry
NAICS
Scheduled Passenger Air Transportation (481111), Scheduled Air Transportation (48111)
SIC
Air Transportation, Scheduled (4512)
akta.pro primary industry
Regional Network Full-Service Airlines (Hub-and-Spoke) (THABAAAC)
akta.pro secondary industries
Long-Haul Full-Service Airlines (Widebody Operators) (THABAAAH), Global Network (Intercontinental) Full-Service Airlines (THABAAAA)

Keywords

  • Full-service airline
  • Passenger air travel
  • Air cargo services
  • Loyalty program
  • Corporate travel booking

Where Vistara is headquartered

Location

Headquarters

HQ city
Haryana
HQ country
India
HQ region
Asia

Offices1 record

Markets served

Vistara business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

  1. Passenger Ticket Sales: Primary revenue stream from selling air tickets across cabin classes (Economy, Premium Economy, Business Class) on domestic and international routes. Passengers could book through direct channels (website, app, airport), travel agents, and corporate agreements.
  2. Cargo Services: Cargo operations connecting Chandigarh and other cities to Delhi, Mumbai, and Bengaluru, generating additional revenue from freight transport.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goEconomy, Premium Economy, and Business Class fare tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Vistara product offering

Product offering

Core offering

Vistara operated scheduled full-service passenger air travel across Economy, Premium Economy, and Business Class cabins on domestic Indian and international routes spanning Asia, Australia, Europe, the Middle East, and North America. The airline also provided air cargo services on key domestic corridors and operated the Maharaja Club frequent flyer program, with a dedicated AIBIZ platform for corporate travel accounts. Following the November 2024 merger into Air India, the Vistara brand ceased independent operations and its routes, fleet, and loyalty members were absorbed into Air India Group.

Product overview

Vistara operated as a full-service airline joint venture between Tata Group (51%) and Singapore Airlines (49%), offering premium air travel services across domestic and international routes. Following the November 2024 merger with Air India, the Vistara brand was absorbed into Air India Group, with services now consolidated under the Air India brand. The combined entity operates as India's largest full-service carrier, offering air travel, cargo services, and loyalty programs through Maharaja Club. The product portfolio includes core flight services, corporate travel management, and various ancillary add-on services.

Differentiator

Problem solved

Functional benefit

Companies that use Vistara

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Vistara technology and API

Technology

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Vistara partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered minor and core.

  • Star AllianceminorChannel Partner/ Reseller/ DistributorVistara operated as a Star Alliance member through Singapore Airlines' membership, enabling customers to earn and redeem miles across the global alliance network, access lounge facilities worldwide, and benefit from seamless connections with partner airlines across 195 countries.
  • Air IndiacoreStrategic or Co-development PartnerVistara merged with Air India in November 2024 under Tata Group ownership, creating India's largest full-service airline. The merger combined four airline brands (Air India, Vistara, Air India Express, AIX Connect) into a streamlined two-airline structure. Vinod Kannan served as Chief Integration Officer during the merger process.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Vistara competitors and assessment

Company assessment

Direct peers

  • Air India: Air India is the merged full-service entity that absorbed Vistara in November 2024 and operates the same widebody and narrowbody fleet, cabin classes, and international network. Tata Group owns the controlling stake; Singapore Airlines holds 25.1%.
  • Jet Airways: Jet Airways was India's former full-service private carrier that ceased operations in 2019 and has since been undergoing revival efforts. It was a direct historical competitor to Vistara on full-service domestic and international Indian routes before its grounding.
  • SpiceJet: SpiceJet is an Indian low-cost and regional carrier competing with Vistara/Air India on domestic routes and select international corridors. It overlaps with Vistara on Boeing 737 narrowbody operations and was even a biofuel trial partner.
  • Air India Express: Air India Express is the international low-cost arm of the Air India Group, focused on routes to the Middle East and Southeast Asia. It is a sister brand that competed with Vistara's international short-haul operations and is now a sibling under the same Tata aviation consolidation.
  • IndiGo: IndiGo is India's largest airline by market share and capacity, operating domestic and short-haul international routes from India. It is the most direct competitor to the combined Air India Group (incorporating Vistara) on Indian domestic routes and sets the dominant fare benchmark.

Broad incumbents

  • Emirates: Emirates is a global full-service carrier operating widebody aircraft from its Dubai hub to India, competing with Vistara's long-haul international routes to Europe, North America, and Australia via Middle East connections. It is a key indirect competitor for premium India-origin traffic.
  • Qatar Airways: Qatar Airways operates from Doha hub with extensive India connectivity, competing directly with Vistara/Air India on premium long-haul and Middle East routes. It is recognized as a top global full-service airline and a benchmark for cabin and lounge experience.
  • Cathay Pacific: Cathay Pacific is a long-haul full-service Asian network carrier competing on India-Asia and onward global routes. It shares the Star Alliance membership via Vistara/Singapore Airlines connections and is comparable as a premium international widebody operator.
  • Singapore Airlines: Singapore Airlines was Vistara's 49% JV partner and remains a 25.1% shareholder in the merged Air India Group. As a global full-service network carrier with a long-haul widebody fleet and Star Alliance membership, it served as the operational and service benchmark for Vistara.

Emerging players

  • Akasa Air: Akasa Air is a newer Indian domestic airline that entered the market with a Boeing 737 MAX fleet, positioning as a low-cost carrier with improved customer experience. It is an emerging competitor that pressures full-service economics on the same domestic routes Vistara previously served.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Vistara social profiles

Digital presence

Vistara financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Vistara leadership team

Management profile

Number of profiles

Profiles2 records

Vistara funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Vistara M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vistara

What does Vistara do?

Vistara operated scheduled full-service passenger air travel across Economy, Premium Economy, and Business Class cabins on domestic Indian and international routes spanning Asia, Australia, Europe, the Middle East, and North America. The airline also provided air cargo services on key domestic corridors and operated the Maharaja Club frequent flyer program, with a dedicated AIBIZ platform for corporate travel accounts. Following the November 2024 merger into Air India, the Vistara brand ceased independent operations and its routes, fleet, and loyalty members were absorbed into Air India Group.

Is Vistara a public or private company?

Vistara is a private company. It is currently acquired.

When was Vistara founded?

Vistara was founded in 2015. It employs 5,001 to 10,000 people.

Where is Vistara based?

Vistara is headquartered in Haryana, India, in the Asia region.

How does Vistara make money?

Two revenue lines are on record. Passenger Ticket Sales are the primary driver. The others are cargo Services.

Who are Vistara's main competitors?

Direct peers on record are Air India, Jet Airways, SpiceJet, Air India Express and IndiGo. Broad incumbents are Emirates, Qatar Airways, Cathay Pacific and Singapore Airlines. Akasa Air is listed as an emerging player.

Does Vistara have an API?

No public API is recorded for Vistara.

What industry is Vistara in?

Its primary akta.pro industry code is THABAAAC, Regional Network Full-Service Airlines (Hub-and-Spoke), with a secondary code of THABAAAH, Long-Haul Full-Service Airlines (Widebody Operators). Its NAICS code is 481111 and its SIC code is 4512.

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Live signals
Channel NewsAsiaTimeline: How SIA's India bet led to a 25.1% stake in Air IndiaA timeline traces Singapore Airlines' investment path from a 1995 failed joint venture with Tata to a 2013 Vistara airline, and finally a 2022 merger of Vistara into Air India. SIA's 49 per cent Vistara stake became roughly 25.1 per cent of Air India, with total investment reaching S$2.096 billion by March 2025.WikipediaDraft:Maharaja Club: Difference between revisionsAir India has rebranded its frequent-flyer programme as Maharaja Club, integrating Vistara's loyalty scheme following the November 2024 merger of the two airlines. The revamped system transitions from a distance-based model to a spend-based structure and expanded its membership base to over 10 million members.WikipediaDraft:Maharaja Club: Difference between revisionsAir India rebranded its loyalty program as Maharaja Club in November 2024 following the merger with Vistara and the integration of Vistara's Club Vistara. The program transitioned from a distance-based to a spend-based points model, expanding its membership base to over 10 million members. This restructuring aligns the loyalty offerings of both Tata Group-owned airlines under a unified system.Bar and BenchConsumer Commission asks Vistara to pay ₹1 lakh to judge for cancelling ticket last minute due to overbookingA consumer commission in Chhattisgarh ordered Vistara airline to pay ₹1 lakh in compensation to Additional District Judge Bhupendra Kumar Vasnikar after the airline denied him boarding on flight UK-797 from Delhi to Raipur on May 28, 2023, due to overbooking. The commission held that Vistara committed deficiency in service and unfair trade practice, noting the airline failed to explain why a passenger with a confirmed ticket was denied boarding, implying his seat was sold at a higher price. While Vistara had already refunded four times the ticket fare, the commission ruled this was insufficient to compensate for the physical, mental, and financial hardship caused, also ordering ₹10,000 in litigation costs.Business TodayVistara overbooking row: Airline told to pay ₹1 lakh for denying boarding to judge with confirmed ticketA Chhattisgarh consumer commission has directed Vistara Airlines to pay ₹1 lakh in compensation to an Additional District Judge who was denied boarding on a Delhi-Raipur flight in May 2023 despite holding a confirmed ticket, ruling the airline's conduct amounted to deficiency in service and unfair trade practice. The commission noted that Vistara failed to explain why the confirmed ticket holder was left behind, suggesting his seat may have been resold to another passenger for ₹40,000. The airline's defence that it refunded four times the ticket fare per DGCA norms was rejected, with the commission ordering additional payment of ₹10,000 towards litigation costs.The Indian ExpressWoman stranded for 4 days in Srinagar over missed check-in, Vistara to now pay Rs 19,916The Kolkata District Consumer Commission ordered Vistara Airlines to pay Rs 19,916 in total — including a Rs 4,916 ticket refund, Rs 10,000 compensation, and Rs 5,000 litigation costs — after a woman was denied boarding on a Srinagar-to-Delhi flight despite holding a valid ticket on October 10, 2022. The court found the airline's refusal to address her repeated refund requests constituted unfair trade practice and deficiency in service, causing her to remain stranded in Srinagar for four days with additional expenses of Rs 9,382 for alternative travel. The airline's parent company TATA SAI Airlines Ltd did not appear before the court, which proceeded ex parte against the principal opposite party.BusinessLineNeed to boost biofuel production to cut imports, achieve self-reliance: GadkariUnion minister Nitin Gadkari said India faces a significant shortfall in bitumen production, requiring around 120 lakh tonnes annually against a domestic capacity of about 50 lakh tonnes, forcing imports of 60-70 lakh tonnes at prices that have risen from ₹45 to ₹80 per kg. The minister highlighted successful trials of bio-aviation fuel produced from agricultural sources, citing SpiceJet and Vistara flights that operated on biofuel, as evidence that domestic biofuel production could help reduce imports and transform rural incomes. Gadkari said farmers are now becoming producers of biofuel, bitumen, and hydrogen, which could help India achieve self-reliance.The Times of IndiaFlight preponed without informing passengers, court orders Rs 50,000 compensation with full ticket refund - The Times of IndiaThe State Consumer Disputes Redressal Commission, Chandigarh, upheld a deficiency in service finding against Tata SIA Airlines (operating as Vistara) and enhanced compensation to Rs 50,000, along with full ticket refund of Rs 58,641 with interest and Rs 15,000 in litigation costs, for two passengers stranded in Bali after their return flight was preponed without prior notice. The airline failed to file its written response and its defence was struck off, with the bench ruling that the Rs 7,000 awarded by the District Commission was wholly inadequate given the mental agony and distress suffered. The commission held that timely communication of schedule changes is a fundamental obligation of an airline.The Times of IndiaSingapore Airlines profit falls 57% as Air India losses and absence of Vistara merger gain weigh on earningsSingapore Airlines Group reported a 57.4% decline in net profit to SGD 1.184 billion for FY 2025-26 (ended March 2026), down from SGD 2.778 billion the prior year. The profit fall was driven by the absence of a one-time SGD 1.098 billion accounting gain from the Air India-Vistara merger completed in November 2024, and by full-year losses from its 25.1% stake in Air India (SGD 846 million loss versus four-month share of profits previously). Despite the earnings decline, SIA Group's total revenue rose 5% to SGD 20.552 billion, and the company stated it remains committed to supporting Air India's multi-year transformation despite headwinds including airspace restrictions, elevated jet fuel prices, and supply chain constraints.The Straits TimesTata Sons chairman tells workers Air India faces challenging timeTata Sons chairman warned Air India faces a challenging time due to record losses and operational issues, despite employee tenacity. Integration costs, reliability problems, and external shocks like fuel prices and airspace bans worsen Air India's financial state. The Tata Group remains committed, focusing on cost control and execution.