Vista airlines will be merged with Tata-owned Air India by March 2024, said a release by Singapore Airlines, which owns the majority share in Vista in a joint venture with Tata. The rearrangement will mean a more comprehensive fleet and more routes under the Air India brand.
Singapore Airlines will own around 25 percent of this enlarged company, which will infuse over ₹ 2,000 crores. At present, it owns 51 percent of Vista, while 49 percent is with Tata, which bought Air India for ₹ 18,000 crores as part of government disinvestment early this year.
The companies "aim to complete the merger by March 2024, subject to regulatory approvals", said the release.
Tata also owns low-cost carriers Air India Express and AirAsia India, both of which will also be merged under the Air India brand by 2024.
This means all four brands consolidated under Air India, a company that was founded by the Tat as but later nationalized, only to come back to the Tat as after losses piled up and, the government decided it was best to sell it off.
Vista airlines will be merged with Tata-owned Air India by March 2024, said a release by Singapore Airlines, which owns the majority share in Vista in a joint venture with Tata. The rearrangement will mean a more comprehensive fleet and more routes under the Air India brand.
Singapore Airlines will own around 25 percent of this enlarged company, which will infuse over ₹ 2,000 crores. At present, it owns 51 percent of Vista, while 49 percent is with Tata, which bought Air India for ₹ 18,000 crores as part of government disinvestment early this year.
The companies "aim to complete the merger by March 2024, subject to regulatory approvals", said the release.
Tata also owns low-cost carriers Air India Express and AirAsia India, both of which will also be merged under the Air India brand by 2024.
This means all four brands consolidated under Air India, a company that was founded by the Tat as but later nationalized, only to come back to the Tat as after losses piled up and, the government decided it was best to sell it off.
Vista airlines will be merged with Tata-owned Air India by March 2024, said a release by Singapore Airlines, which owns the majority share in Vista in a joint venture with Tata. The rearrangement will mean a more comprehensive fleet and more routes under the Air India brand.
Singapore Airlines will own around 25 percent of this enlarged company, which will infuse over ₹ 2,000 crores. At present, it owns 51 percent of Vista, while 49 percent is with Tata, which bought Air India for ₹ 18,000 crores as part of government disinvestment early this year.
The companies "aim to complete the merger by March 2024, subject to regulatory approvals", said the release.
Tata also owns low-cost carriers Air India Express and AirAsia India, both of which will also be merged under the Air India brand by 2024.
This means all four brands consolidated under Air India, a company that was founded by the Tat as but later nationalized, only to come back to the Tat as after losses piled up and, the government decided it was best to sell it off.
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