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 Vistara
TATA SIA Vistara (UK) Airlines has increased its daily flight operations to 300 daily flights starting this month.
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.
Air India is set to introduce two A350 aircraft into its fleet this year, having obtained approval from the Directorate General of Civil Aviation (DGCA).
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.
A noteworthy detail emerged amid the coverage of Tata Air India rebranding: the airline is set to unveil a thoroughly revamped loyalty program in early 2024.
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.
Tata-owned Air India (AI) Maharaja stands as a significant heritage of Indian advertising, an enduring symbol that has left an indelible mark.
After taking over Air India (AI) from the government last year, Tata Group implemented strategic measures to revamp the struggling carrier.