The airline now operates just 14 planes -- way down from 123 planes in operations at the peak; government awaiting a report from the DGCA to decide whether Jet can continue to fly on international routes.

The development comes on a day when the continuity of its international operations also came under threat

The Modi government's ambitious Regional Connectivity Scheme continues to be heavily dependent on established larger players instead of leveraging smaller regional airlines

The Airports Authority of India has awarded 325 routes to 15 airlines and helicopter operators. In the bargain, 25 new airports and 31 new helipads will now be connected to the existing network.

Vistara's offer comes after most of the domestic carriers, mainly the no-frills ones, launching similar discount ticket schemes earlier in the month.

After a brief stop-over at Guwahati, the flight will proceed to Bagdogra, a gateway airport to several tourist destinations in the Northeast, Vistara said.

Apart from the M&A activity, which saw the birth of JetLite and Kingfisher Red, many carriers are signing agreements with regional players, like the GoAir-MDLR Airlines pact.