The National Company Law Tribunal (NCLT) has approved the merger of Air India (AI) and Vistara (UK) marking the final step in the process.
Air India Vistara
According to our source, the Vistara Airlines (UK) flight from Paris (CDG) to Mumbai (BOM) has received the bomb threat today (June 2, 2024).
India and the United Kingdom have updated their air service agreement, allowing airlines from both countries to operate an additional 14 flights per week from London Heathrow (LHR) to Delhi and Mumbai airports.
As the merger between Air India (AI) and Vistara (UK) begins, they have announced that Club Vistara, Vistara’s frequent flyer program, will soon merge with Air India’s Flying Returns program.
Vistara CEO Vinod Kannan disclosed on Friday that despite a reduced schedule aimed at enhancing operational resilience and flexibility, the airline managed to operate 12%–15% more flights during the April–May period compared to the same period last year.
In December 2022, Air India (AI) unveiled a $400 million initiative to completely revamp its aging Boeing 777 and 787 aircraft, equipping them with state-of-the-art seats and a new in-flight entertainment system.
Air India (AI), owned by the Tata group, and Vistara are aiming to complete their merger by the end of October, thus consolidating their presence in the aviation market.
Air India (AI) has assigned 30 first officers, also known as co-pilots, to assist with A320 aircraft operations for Vistara (UK) amidst its pilot shortage.
Watson Farley & Williams (WFW) provided legal counsel to Standard Chartered regarding financing two A320neo aircraft for TATA SIA Airlines Limited, known as Vistara (UK).
Vistara CEO Vinod Kannan emphasized on Saturday that “more than 98% of pilots” had agreed to update contracts featuring a revised pay system, which industry insiders highlighted as a significant factor contributing to recent flight disruptions and delays.