G20 podium
Team Blitz India
NEW DELHI: Vistara Airlines has begun making plans to merge its staff into Air India Ltd, as the country’s industrial Tata family combines the two carriers to rebuild its aviation empire and take on market leader IndiGo.
“The process of integration of Vistara with Air India is on,”Vistara Chief Executive Officer Vinod Kannan told reporters on July 17. He expects regulatory clearances to be completed by April 2024, confirming an earlier report that Indian regulators have raised antitrust concerns.
Vistara, now co-owned by Tata Group and Singapore Airlines Ltd., will be merged into Air India under a deal announced in November, giving the Tatas more heft to go up against dominant budget carrier IndiGo. Singapore Air will receive a 25.1 per cent …
The Tatas founded Air India’s predecessor in the 1930s and took over the national flag-carrier again in 2022 after decades of decline. Since then, the country’s biggest industrial conglomerate has been rebuilding the company, making record plane orde…
