Tata Group announces merger of Vistara with Air India

Tata Group announces merger of Vistara with Air India

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

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Category : Business and economics Published on: December 01 2022

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  • 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.
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