Vistara, the nearly decade-old Indian airline, is preparing to bid farewell on November 11, 2024, as it merges with Tata Groupowned Air India. This significant merger, announced in November 2022, is moving closer to completion following the Central government’s approval of Singapore Airlines’ (SIA) Rs 2,058.5 crore Foreign Direct Investment (FDI) in the Air India Group. This strategic move will make SIA a 25.1 per cent stakeholder in one of the world’s largest airline conglomerates.
On Friday, SIA confirmed that the Indian government had approved its proposed FDI into the enlarged Air India Group, marking a crucial milestone in the merger process. With this regulatory approval in hand, Air India CEO and MD Campbell Wilson announced that the transition of Vistara’s aircraft and crew to Air India is scheduled to begin on November 12, 2024.
This story is from the New Delhi 31August2024 edition of Millennium Post Delhi.
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This story is from the New Delhi 31August2024 edition of Millennium Post Delhi.
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