Vistara announced on Friday that starting in November, Air India will operate all Vistara aircraft, following the government’s approval for their merger.
From September 3, customers will no longer be able to book Vistara flights for travel on or after November 12. Vistara stated that all future bookings for routes previously operated by Vistara will be redirected to Air India’s website.
Also Read: DRC Allocates $10 Million To Combat Monkeypox Outbreak
The merger, which required government clearance due to foreign direct investment regulations, will see Singapore Airlines, which owns a 49 percent stake in Vistara, investing up to Rs 5,020 crore ($599 million). Singapore Airlines anticipates completing the merger by the end of 2024. The original merger date of March was delayed to accommodate regulatory and governmental approvals.
Announced in November 2022, the merger aims to strengthen the combined airline’s domestic and international presence. India’s aviation market is rapidly expanding, with airlines like IndiGo and Air India placing substantial orders for new aircraft, and international carriers increasing their flights to India.
Air India staff have been collaborating with Vistara to ensure a seamless transition, promising an expanded network, additional flight options, and an enhanced frequent flyer program. Air India’s CEO, Campbell Wilson, noted that the Vistara brand will eventually be phased out as it integrates into Air India.
Singapore Airlines, the only foreign airline with a direct stake in an Indian carrier, will hold a 25.1 percent stake in the merged Air India entity, contributing $250 million to the deal.
Vistara CEO Vinod Kannan expressed gratitude to customers for their support over the past decade. He emphasized that the merger will offer a larger fleet, a broader network, and an improved travel experience. Both Vistara and Air India are committed to making the transition smooth and look forward to welcoming customers under the Air India brand.
Facing backlash on social media, EY India expressed its sorrow over Anna's death and promised…
The second phase of voting will take place on September 25, followed by the third…
Among sectoral indices, Auto, financial services, FMCG, real estate, and private banks were major gainers.…
The court expressed concern about the increasing pressure on medical services and emphasized the need…
Extending support in the aftermath of flood, Adani foundation contributes 25 Cr to AP. Adani…
Experts predict that the US rate cut will encourage central banks in other countries to…