Indian carrier Vistara on Friday announced it would operate its last flight on November 11, as part of its merger with Tata Group-owned Air India. Vistara is a 51:49 joint venture between the Tata Group and Singapore Airlines (SIA).
The announcement came a day after the Union Cabinet approved a foreign direct investment of ₹2,059 crore by SIA in Air India.
With this approval, SIA will acquire a 25.1 per cent stake in Air India, marking the last major step in the merger of Vistara.
Starting September 3, passengers booking flights departing after November 11 will be redirected to Air India's website. However, Vistara will continue to operate its fleet and maintain its schedule under its brand name until early 2025. The airline's loyalty programme will also be migrated to Air India.
The Tata Group initiated the merger in November 2022, 10 months after regaining control of Air India from the government through the disinvestment process.
この記事は Business Standard の August 31, 2024 版に掲載されています。
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7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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