India’s competition commission approves Air India-Vistara merger
The Competition Commission of India (CCI) has approved the merger of Air India-Vistara.
Under the agreement, Air India will have a combined fleet of 218 aircraft, making it India’s largest…
The Competition Commission of India (CCI) has approved the merger of Air India-Vistara.
Under the agreement, Air India will have a combined fleet of 218 aircraft, making it India’s largest international carrier and second largest domestic carrier.
Air India is an airline fully owned by Tata Sons, which acquired a 100% stake in the airliner on 27th January 2022.
Vistara, a 51:49 Joint Venture between Tata Sons and Singapore Airlines Limited, was established in 2013 and is a full-service carrier with international operations in Middle East, Asia and Europe.
Merger of Vistara and Air India
Natarajan Chandrasekaran, chairman of Tata Sons, said: “The merger of Vistara and Air India is an important milestone in our journey to make Air India a truly world-class airline.
“We are transforming Air India, with the aim of providing great customer experience, every time, for every customer. As part of the transformation, Air India is focusing on growing both its network and fleet, revamping its customer proposition, enhancing safety, reliability, and on-time performance.
“We are excited with the opportunity of creating a strong Air India which would offer both full-service and low-cost service across domestic and international routes. We would like to thank Singapore Airlines for their continued partnership.”
Goh Choon Phong, CEO of Singapore Airlines, said: “Tata Sons is one of the most established and respected names in India. Our collaboration to set up Vistara in 2013 resulted in a market-leading full-service carrier, which has won many global accolades in a short time.
“With this merger, we have an opportunity to deepen our relationship with Tata and participate directly in an exciting new growth phase in India’s aviation market. We will work together to support Air India’s transformation programme, unlock its significant potential, and restore it to its position as a leading airline on the global stage.”
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