Earlier this month, some pilots reportedly took sick leave to protest against the new salary structure proposed to them as part of Vistara’s merger with Air India (AI).
Air India Vistara Merger news
Competition and Consumer Commission of Singapore (CCCS) granted conditional approval on Tuesday to the proposed merger between Air India (AI) and Vistara (UK)
Vistara and Air India pilots are set to adopt a standardized salary framework as the two airlines merge their human resource departments
People familiar with the situation suggest that Tata Sons is not rushing the merger of the Air India (AI) and Vistara (UK) boards.
Tata Group revealed plans for a merger between Air India and Vistara, as well as between Air India Express and AirAsia India.
DELHI- Tata Group-owned Air India (AI) and Vistara (UK) have submitted a merger proposal for approval by their creditors. Creditors are scheduled to vote on this proposal on September 23, as indicated in a notice obtained by ET.
Air India (AI), having recently obtained clearance from the CCI (Competition Commission of India) for its merger with Vistara, is now actively seeking approval from competition authorities in Singapore and various other jurisdictions for the proposed merger.
TATA Vistara (UK) is currently conducting aptitude tests for its workforce and has initiated a cultural survey in anticipation of its merger with Air India (AI).
The Competition Commission of India has granted approval for the merger of Vistara (UK) Airlines into Air India (AI), as well as the acquisition of specific shareholding by Singapore Airlines (SQ) in Air India.
In anticipation of the impending merger between Air India and Vistara later this year, the Tata Group has taken steps to integrate the two airlines’ operations.