Tata Sons has initiated the consolidation of its airline entities Vistara, AirAsia India, and Air India Express under Air India, making Air India the country’s second largest airline in terms of fleet and market share.
Air India
Singapore Airlines chief executive Goh Choon Phong stated that equity investment in Vistara has helped the airline broaden its geographic reach, resulting in a significant increase in passenger base.
The remaining stock stakes in AirAsia (India) were sold by the AirAsia Aviation Group to Air India, which is currently owned by the Tatas.
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Singapore Airlines Ltd (SIA) is in confidential discussions with the Tata Group to explore a potential merger of Vistara, their joint venture airline, with Air India to give the Singaporean carrier a bigger foothold in South Asia.
Passengers onboard an Air India Express flight were evacuated after smoke was detected on the aircraft while it was on the runway.
Air India is ready for a major fleet expansion in the coming months that will significantly boost its services to North America and within India.
In order to relocate to a new campus in Gurugram, Air India has made the decision to leave various government-owned properties