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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Tata Group announces merger of Vistara with Air India