Tata Group announces merger of Vistara with Air India

Daily Current Affairs / Tata Group announces merger of Vistara with Air India

Change Language English Hindi

Category : Business and economics Published on: December 01 2022

Share on facebook

Tata Sons and Singapore Airlines (SIA) announced that they will merge Vistara into Air India, with a target to complete the process by March 2024 subject to regulatory approvals.
SIA and Tata have also agreed to participate in additional capital injection to fund the growth and operations of the enlarged Air India in FY2022-23 and FY2023-24.
Air India (including Air India Express and AirAsia India) and Vistara have a total of 218 widebody and narrowbody aircraft, serving 38 international and 52 domestic destinations.

Lt. Gen. Pushpendra Singh to take over as Vice Chief of Army Staff on Friday.
Read More....
Shubman Gill becomes highest run-scorer as Indian Test captain in a single series with 743 runs.
Read More....
From August 1, PSBs allowed to transfer unclaimed assets to IEPF under amended Banking Laws.
Read More....
Cabinet approves four multi-tracking railway projects worth ₹11,169 crore across six states.
Read More....
DPIIT signs MoU with Roche India to support healthcare startups in critical therapeutic areas.
Read More....
Eminent economist and author Lord Meghnad Desai passes away at age 85.
Read More....
ISRO scientist A. Rajarajan appointed Director of Vikram Sarabhai Space Centre from August 1.
Read More....
Khalid Jamil becomes first Indian in 13 years to be appointed head coach of Indian men's football team.
Read More....
Indian Navy receives third Project 17A stealth frigate ‘Himgiri’ from GRSE, Kolkata.
Read More....
World Breastfeeding Week 2025 to be observed from August 1 to 7 with focus on healthcare system support.
Read More....

Tata Group announces merger of Vistara with Air India