-By ArdorComm News Network
November 13, 2024
Air India has announced the completion of its merger with Vistara, creating a unified full-service airline that will now operate over 5,600 weekly flights across more than 90 destinations. This merger is a significant milestone for India’s aviation industry, strengthening Air India’s domestic and international presence with services on 103 domestic and 71 international routes.
The integration grants Singapore Airlines a 25.1% stake in the expanded Air India. This move comes on the heels of the October 1, 2024, merger of Air India’s low-cost carriers, Air India Express and AIX Connect (formerly AirAsia India), marking the completion of Air India Group’s restructuring post-privatization.
“This merger represents the end of our restructuring and consolidation phase,” remarked Campbell Wilson, CEO of Air India, who acknowledged the extensive planning and teamwork that ensured a seamless transition for customers.
As part of the integration, Vistara’s final flight departed from Delhi to Singapore, marking the end of its nearly decade-long journey as a joint venture between Tata Group and Singapore Airlines. The new entity’s inaugural international flight, designated ‘AI2286,’ traveled from Doha to Mumbai, while the first domestic flight, ‘AI2984,’ linked Mumbai and Delhi. To streamline booking, former Vistara flights are now identified with the code ‘AI2XXX’ under Air India’s operations.
Initially announced in November 2022, the merger follows Tata Group’s acquisition of Air India from the government in January 2022. With Air India, Vistara, and AIX Connect, the conglomerate now controls a 29% share of India’s domestic market as of September, signifying Tata’s growing influence in reshaping Indian aviation.
Source: Business Times
Photo Credit: Business Times