New Delhi: Marking a major consolidating in the Indian aviation space, Air India on Tuesday said the merger of full service carrier Vistara with itself has been completed and the integrated entity will be operating over 5,600 weekly flights connecting more than 90 destinations.
ALSO READ: Awfis To Design, Manage 1.65 Lakh Sq Ft Office Space For NSE At BKC, Mumbai
With the merger, Singapore Airlines will have a 25.1 per cent stake in the enlarged Air India. "Air India Group has completed the operational integration and legal merger between Air India and Vistara, creating a full-service carrier of scale and marking a significant milestone in the post-privatisation transformation journey. This follows the merger of the Group's low-cost airlines Air India Express and AIX Connect (formerly Air Asia India) on 1 October 2024," according to an official statement.
Air India Marks Key Milestone in Post-Privatisation Restructuring
Vistara was a joint venture between Tatas and Singapore Airlines. Air India Managing Director and Chief Executive Officer Campbell Wilson said the merger completes the consolidation and restructuring phase of the Air India Group's post-privatisation transformation journey, and is thus a significant milestone.
"Over the past two years, teams across the four airlines have worked closely together and with other stakeholders to ensure that the transition of people, assets, operations and, most importantly, customers, was as seamless as possible," Campbell Wilson said. Tata Group acquired loss-making Air India from the government in January 2022.
ALSO READ: MDP Participants Expect Betterment, Seek Roadmap For Success Under NEHHDC
FIRST Business Portal addressing the potential of business capability of North East Region.
