Air India-Vistara Merger: Air India-Vistara merger approved after merger Singapore Airlines will have 25.1% stake

Posted on 29th Nov 2022 05:49 pm by rohit kumar

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.

 

Also Read: Frontier Nagaland Demand: Demand for the formation of 'Frontier Nagaland', Home Minister Shah called ENPO leaders

Other news

Independence Day: Atishi will not be able to hoist the flag in Delhi on 15th August, only this name has been approved

Minister Atishi will not be able to hoist the flag on 15 August in Delhi. The General Administrat

A meeting between PM Modi and Qatar worked, how were eight former marines saved from the death sentence? Know inside story

Qatar Navy Officer News The death sentence of 8 former Indian sailors has been put on hold in Qat

Modi 3.0: The world has accepted that PM Narendra Modi's third term is rare, coalition is a big challenge for the government

By taking oath as the Prime Minister, Narendra Modi has joined the ranks of those few leaders of

Elon Musk: News of Elon Musk's India tour being postponed, had planned to meet PM Modi

There are reports of postponement of Tesla chief Elon Musk's visit to India. It is reported&

DC vs RR: Sanju Samson was out controversially, then BCCI imposed a heavy fine; Know what mistake the RR captain made

The match against Delhi Capitals on Tuesday did not go well for Rajasthan Royals c

Delhi Air Pollution: Air pollution is not decreasing in Delhi, three of India are among the top 15 polluted cities of the world; Know what everyone's AQI level

AQI Delhi: The amount of pollution in Delhi-NCR is not showing any signs of reduction despite sev

DC vs GT: 'We could have won this match but...', David Warner became emotional after the defeat in the match, told where the mistake happened

David Warner Appreciates Sai Sudharsan, DC vs GT, IPL 2023. Delhi Capitals, captained by David Wa

Aero India 2023: PM Narendra Modi said- 'Today's India thinks fast and far and takes quick decisions

Prime Minister Narendra Modi inaugurated the 14th edition of Aero India 2023 at Yelahanka Air For

Weather Update: Monsoon speed weakens in Delhi! Heavy rain in many states including UP-Bihar; Know the latest weather condition

An orange alert was issued for rain in the national capital Delhi for the last two days, but Delh

Bilkis Bano: 'Today is a new year for me, I can breathe again', Bano's comment on the court's decision

Today is truly a new year for me. I have smiled after one and a half years. I have hugged my chil