The Tata Group, which is bidding for state-owned Air India, has proved Singapore Airlines (SIA) to integrate the carrier’s services into the schedule of their joint venture Vistara if it’s successful, told people with information of the matter.
They said was significant as Singapore Airlines had set down the chance to join Tata in the Air India bid and had been unenthusiastic about its joint venture partner’s proposal to acquire the ailing state-run national carrier as such progress might explain a distraction.
Vistara and Air India
“Vistara and Air India will be two carriers that will operate with each other in terms of combining their flight network both international and domestic sector.
SIA, however, will not be part of the AI bid,” a source told.
“We do not tell on any confidential discussions that we may or may not be having with our partners,” SIA said in the statement.
The Tata Group and SIA have a 51:49 joint venture called Vistara.
In addition, the salt-to-steel company holds a controlling share in AirAsia India, a joint venture with Malaysia’s AirAsia Bhd.
- If the Tata Group’s bid for Air India turns out successful, then AirAsia India and Air India Express may be combined, according to the report.
“AirAsia India will soon become a Tata Group company and that has been agreed upon by the promoters. Also, AirAsia India will not operate in its current form if the Tata Group gets Air India,” another source said to the publication.
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