New Delhi: Vistara airlines will be merged with Tata-owned Air India by March 2024. The rearrangement will mean a wider fleet and more routes under the Air India brand.
Singapore Airlines, which owns the majority share in Vistara in a joint venture with Tata will own around 25 per cent of this enlarged company, into which it’ll infuse over Rs 2,000 crore. At present, it owns 51 per cent of Vistara, while 49 per cent is with Tata, which bought Air India for Rs 18,000 crore as part of a government disinvestment early this year.
The companies “aim to complete the merger by March 2024, subject to regulatory approvals”, NDTV reported quoting a Singapore Airlines release.
Tata also owns low-cost carriers Air India Express and AirAsia India, both of which will also be merged under the Air India brand by 2024.
This means all four brands will be consolidated under Air India. Founded by the Tatas, Air India was later nationalised. It came back to the Tatas after the government decided to sell it off.
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