VISTARA to Merge with Air India approval. Vistara has been a well-known airline in India. It came into existence as a manifestation of Tata Group’s ambition to re-enter the Indian Aviation Sector. This airline is a joint venture between Tata Sons and Singapore Airlines.
As all good things come to an end so does Vistara but every end is a beginning of something new.
Yes, you guessed it I am talking about the merger of Vistara and Air India. Let’s discuss this in detail.
When Did Vistara and Air India Planned This Merger
This merger wasn’t announced out of the blue it has been in talks for some time. It was officially announced in November 2022 and will begin its operations from 12 November 2024 a day after Vistara takes its last flight. This merger will bring many changes in the aviation sector in the long term.
Everyone is thrilled to know more about this merger and see how it develops the Indian aviation market.
Changes After Vistara and Air India’s Merger | Key Elements of This Merger
With this merger, Tata groups aim to, not only enhance flight experience but to enhance the aviation sector as a whole.
Indian Government Approved Foreign Direct Investment
Singapore Airline’s request to invest in this merger and become a part of this merger was approved by the Indian government. They allowed Singapore airline’s foreign direct investment allowing it to hold a 25.1% stake post-merger.
Enhancing Overall Customer Experience
This merger will broaden the airline’s network and offer a much larger fleet. Vinod Kannan, CEO of Vistara emphasized this and said this will improve overall customer experience.
Smooth Transition
Both the airlines and their respective teams are cooperating and collaborating on this project with no effort to spare. They aim to do this merger as seamlessly as possible for all shareholders and customers.
Conclusion: Latest Developments
As per the latest news available Vistara will continue its operations until November 11, 2024. The airlines will stop taking bookings from 3rd September 2024.
Yes, you won’t be able to book flights in a few days from Vistara.
This merger will be a big step in Indian Airlines’ future and will be aimed at serving their customers to the best of their abilities and developing the aviation sector further.
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This article is written by Krishna Jindal