In today’s important aviation news, two major airlines operating in India—Vistara and Air India—have agreed to merge their operations. Scroll down to learn more.
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The merger is expected to be complete by March 2024. As per the reports, Singapore Airlines will get a 25.1% stake in the Air India group as a result of its investment of $250 million in the Indian carrier.
Also read: Air India, Vistara Launch International Flights
Thanks to this consolidation, the Air India group now possesses the second largest market share (25.9%) in domestic aviation, preceded by IndiGo which commands 56.7% of the traffic.
Earlier this month, Air India also fully bought out AirAsia India from Malaysia-based AirAsia Aviation Group. The airline stated that it would merge AirAsia India with its low-cost unit, Air India Express.
For more information, you can refer to this tweet:
SINGAPORE AIRLINES AND TATA SONS TO MERGE AIR INDIA AND VISTARA
SIA TO TAKE 25.1% STAKE IN ENLARGED AIR INDIA GROUP pic.twitter.com/bIVnDm4TUG
— Danny Lee (@AirEVthingTRNSP) November 29, 2022
Also read: Build Your Bucket List: Akasa Air Now Flying to 10 Destinations
Did you know? Vistara is a joint venture between Tata Sons and Singapore Airlines, with the former owning a 51% stake.
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