New Delhi, Nov 29: Air India and Vistara, two of the Tata Group’s airlines, will be combined. With a combined fleet of 218 aircraft, Air India will be the largest international airline in India and the second-largest domestic airline, according to a statement from the group.
After receiving all necessary approvals, Vistara and Air India will merge, according to the company. According to the statement, SIA will invest Rs 2,059 crore in Air India as part of the merger transaction, and after the merger, SIA will own a 25.1% stake in Air India.
On January 27, 2022, Tata Sons, through its wholly-owned subsidiary Talace Private Limited, acquired a 100% stake in Air India.
With international operations in the Middle East, Asia, and Europe, Vistara a 51-49 joint venture between Tata Sons and Singapore Airlines is a full-service airline.
Tata Group announces the consolidation of its airlines, Vistara and Air India by March 2024. pic.twitter.com/40QW2pBFzQ
— ANI (@ANI) November 29, 2022