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India's antitrust body approves Vistara merger with Air India
Reuters
·
1y ago
Medial
India's antitrust body has given approval to the merger of Air India, owned by the Tata group, and sister airline Vistara, subject to compliance with voluntary commitments. This decision raises concerns about a duopoly in the industry, with the merged Air India-Vistara and IndiGo controlling over 75% of the domestic market. The merger aims to create a stronger competitor to take on rivals like IndiGo and Middle Eastern carriers. The Competition Commission of India (CCI) had previously flagged concerns about potential monopolies on certain routes and in business class travel.
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Related News
Air India-Vistara merger: NCLT approves, paves way for world's largest airline
Livemint
·
1y ago
Medial
The National Company Law Tribunal (NCLT) has approved the merger of Air India and Vistara, creating one of the largest airline groups worldwide. Singapore Airlines will hold a 25.1% stake in Air India following the merger. The NCLT confirmed that the necessary approvals from shareholders, creditors, the Competition Commission of India, and the Directorate General of Civil Aviation had been obtained. The merger is expected to be finalized by the end of the year. The order specified that Vistara would dissolve without undergoing the winding-up process after the merger, subject to necessary approvals and clearances.
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Air India, Vistara merger: Club Vistara to integrate with Flying Returns from Nov 12 | Mint
Livemint
·
10m ago
Medial
Air India and Vistara will finalize their merger on November 12, 2024. As part of the integration, Vistara's frequent flyer program, Club Vistara, will be merged with Air India's Flying Returns program. The process has already begun, with flight bookings redirected through Air India's website. Club Vistara members are encouraged to link their accounts with Flying Returns for a smooth transition. The merger aims to provide a wider network and improved services under Air India's ownership by Tata Group. The airline is focusing on updating its fleet and enhancing its offerings, especially in the premium segment.
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Air India-Vistara merger completed: Tata-group airline becomes India’s largest international carrier; here’s how | Company Business News
Livemint
·
8m ago
Medial
Air India has completed its merger with Vistara, creating an integrated airline that will connect over 90 destinations and fly 120,000 passengers daily. The merger, which was announced in November 2022, follows the integration of Air India Express and AIX Connect. Singapore Airlines, which partly owns Vistara, will invest an additional ₹3,194.5 crore in the enlarged entity. The new airline will operate over 5,600 weekly flights with a fleet of 210 aircraft, making it India's largest international carrier and second-largest domestic carrier. The merger marks a significant consolidation in the Indian aviation industry.
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Vistara CEO to lead major post-merger integration as Air India reshuffles senior management | Company Business News
Livemint
·
8m ago
Medial
The Air India Group has announced a reorganization of its senior management team in preparation for the merger of Vistara with Air India. The CEO of Vistara, Vinod Kanan, will continue to oversee the integration as Chief Integration Officer post-merger. Deepak Rajawat, Vistara's Chief Commercial Officer, will become the Chief Financial Officer at Air India Express. Other personnel changes include key executives from Vistara moving to senior roles at other Tata Group companies. All other executive roles and reporting lines within the Air India Group remain unchanged.
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Vistara-Air India merger: What happens to your flight status after September 3? | Mint
Livemint
·
11m ago
Medial
Vistara and Air India are set to merge on November 12, with flights operating under the "AI" code. Ticket bookings will move to the Air India website, and passengers will need to book tickets through Air India's website or app for travel after November 11. PNR numbers and e-tickets will remain the same for existing bookings until November 11. Passengers can contact the Vistara Call Centre to reschedule or cancel Vistara flights. The merger, which will see Singapore Airlines acquire a 25.1 percent stake in Air India, is expected to be completed by the end of the year.
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Air India weighs sending narrow-body A320 pilots to Vistara to fix shortage
Livemint
·
1y ago
Medial
Air India plans to send some of its narrow-body aircraft pilots to Vistara to help overcome pilot shortage. The pilots will be sent on deputation, subject to regulatory approvals. Around 30 pilots are expected to be deputed to Vistara. Currently, Air India has already deputed 24 pilots to operate Vistara's wide-body Boeing 787 planes. Vistara recently faced flight disruptions due to pilot protests against pay revisions and roster issues. The Tata Group airline is in the process of merging with Air India and owns a fleet of 70 aircraft.
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‘Where sky isn’t the limit..,’ Vistara says ‘just the beginning’ as airline folds business
Livemint
·
8m ago
Medial
Vistara's last day of operations under its own brand is on November 11, as it merges with Air India starting from November 12. The merger will reduce the number of full service carriers in the Indian aviation industry from five to one. Post-merger, approximately 115,000 customers with pre-merger Vistara bookings are expected to travel with the unified Air India. Vistara flights will operate under Air India with a new four-digit code, but routes, schedules, and in-flight experience will remain unchanged. Air India has taken measures to facilitate a smooth transition for customers.
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Singapore Airlines to invest additional Rs 3,195 Cr in Air India post-Vistara merger
YourStory
·
8m ago
Medial
Singapore Airlines will invest an additional Rs 3,194.5 crore in Air India post-merger with Vistara. The merger, expected to be completed in November 2024, will give Singapore Airlines a 25.1% stake in the enlarged Air India. The merger will consolidate the Indian aviation industry and strengthen Singapore Airlines' presence in the Indian market. Additionally, Air India and Singapore Airlines have expanded their codeshare agreement, adding more cities to their network.
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Vistara airline to reduce daily operations due to pilot shortage
Livemint
·
1y ago
Medial
Vistara, owned by Tata Group, is expected to reduce its daily operations due to a shortage of pilots. Over 125 flights were canceled on 1 April after several pilots went on sick leave in protest of a pay revision ahead of the merger with Air India. The revision would result in a significant pay cut for pilots. Vistara CEO Vinod Kannan claimed the shortage was due to reaching flight duty time limits and said the roster would be revised from May onwards. Vistara is likely to scale back its network and has deployed larger aircraft on some routes to manage the crisis. Before the merger with Air India, Tata Group will have to address multiple challenges, including the concerns of Vistara pilots.
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IndiGo makes long-haul foray, orders 30 wide-body aircraft
Livemint
·
1y ago
Medial
IndiGo, India's largest airline, has placed an order for 30 Airbus A350-900 wide-body aircraft. This move marks the airline's entry into the long-haul market. IndiGo will join the ranks of Air India and Vistara as a player in the wide-body category and aims to expand its international operations. The government has been encouraging Indian airlines to order wide-body aircraft to establish direct connections with destinations in Europe and the Americas, reducing reliance on foreign airlines and their hubs in the Middle East and Southeast Asia.
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