Air India-Vistara Merger: Air India and Vistara Airlines will be merged. The board of directors of Singapore Airlines, a partner in Vistara Airlines, has approved the merger. This decision of the board of Singapore Airlines has brought great relief to the Tata group. Because Tata wants to merge its four airline brands in Air India Limited.
Giving information about the merger of Air India and Vistara Airlines, Singapore Airlines said in a statement that its board has approved the merger. Also, according to the deal, after the merger of Vistara's joint venture with Tata Sons with Air India, Singapore Airlines will have a 25.1 percent stake in the new form of Air India. Currently, Singapore Airlines holds a 49 percent stake in Tata Singapore Airlines. Singapore Airlines will invest $250 million i.e. Rs 2000 crore in Air India after getting regulatory approval for the merger. An agreement has also been reached between Singapore Airlines and Tata regarding additional capital investment for funding the growth operation of Air India in 2022-23 and 2023-24.
Tata Sons wants to establish a big empire in the aviation sector through the merger of Vistara with Air India. After the merger decision, Air India will become the second-largest airline in terms of the number of aircraft and market share in the country.
Tata group was declared victorious in the race to buy Air India. After which in January 2022, Tata acquired Air India from the Government of India. Before the acquisition of Air India, Tata already had two airline brands operating under the name Vistara and AirAsia. After the acquisition of Air India, Tata also got Air India and Air India Express brands. Tata has said that it will completely buy AirAsia and merge it with Air India Express as a low-cost carrier. That is, Tata will operate all airlines only under the name of the Air India brand.
Detonators, ammonium nitrate... how did the explosion near the Red Fort happen? Links to the Faridabad terrorist module were also connected.
The blast in front of the Red Fort in Delhi has shaken the entire nation. Police are on high alert in several cities, including Delhi and Mumbai. This explosion occurred at a time when police had
MI Vs RCB: 'Where RCB did wonders, we made a small mistake', Hardik Pandya pointed out MI's mistake in a bold manner
The 20th match of IPL 2025 was played between RCB and Mumbai Indians. Batting first in this match, RCB scored 221 runs with half-centuries from Virat Kohli (67) and captain Rajat Patidar (64), in
IND vs ENG: 'There is no need to tamper with Test cricket..', Shubman said - the only format that gives you a second chance
Indian captain Shubman Gill has advised the ICC not to tamper with Test cricket. The Indian team registered a thrilling six-run win against England at the Oval on Monday. After this, Gill spoke on
Paresh Rawal did not get the script of Hera Pheri 3, Akshay Kumar does not have the rights?
Hera Pheri 3 is one of the most anticipated films to date which has been in the news since its announcement. But ever since Paresh Rawal has taken an exit from the film, the matter has heated up.
Japan's Prime Minister Kishida suddenly left for Ukraine from India, met PM Modi in Delhi
Japanese Prime Minister Fumio Kishida arrived in New Delhi on 20 March on a two-day visit to India. From here he is now suddenly going on a tour of Ukraine. The news agency AFP gave this information.
Anjali Arora was seen engrossed in devotion before becoming 'Sita of Ramayana', worshiping Lord Shiva with her boyfriend
Anjali Arora, who became famous across the country with 'Kachha Badam', is very active on social media. She shares her dance reels on Instagram daily. For the last few days, there has
They Call Him OG: From tears to fireworks outside the theater, fans celebrated seeing OG;
Power Star Pawan Kalyan's new film, "They Call Him OG," was released in theaters today. Fans were eagerly awaiting the film. Now that the film has been released, audiences are flocking to see it in
Gaza Ceasefire: Release of hostages and withdrawal of army from Gaza; How will the Israel-Hamas ceasefire agreement be implemented?
For the last 15 months, Israel and Hamas agreed to stop the conflict going on in the Gaza Strip. After the mediation of the US and Qatar, Israel and Hamas agreed on a ceasefire agreement and the
Modi Surname Case: Surat court will pronounce verdict on Rahul Gandhi's petition today, sentenced to 2 years
Modi Surname Case A court in Surat is likely to pronounce its verdict today on Congress leader Rahul Gandhi's plea against the conviction in the 'Modi surname' case. The petition has sought a stay on
Nick Jonas-Priyanka Chopra became romantic at the premiere of Citadel, killer poses in front of the camera
Priyanka Chopra has become a topic of discussion these days regarding the web series 'Citadel'. This most awaited web series of Priyanka, called Global Star, is going to enter the world of OTT in a
