The merger process, which is expected to be finalized by October 2024, will see major changes in Vistara's operations.
New Delhi : The Central Government has given the green signal to Singapore Airlines' foreign investment proposal, a significant step toward the much-anticipated merger of Air India and Vistara. Singapore Airlines will invest ₹2,059 crore in the merger, securing a 25.1 percent stake in the newly merged entity, while Tata Group will hold a dominant 73.8 percent share. The remaining stake will be held by another company, marking a historic consolidation in India's aviation sector.
The merger process, which is expected to be finalized by October 2024, will see major changes in Vistara's operations. Vistara has announced that it will halt bookings from September 3, with no new tickets available for travel after November 11. Starting November 12, all bookings will be managed through Air India, marking the formal integration of Vistara into Air India's operations.
For passengers who have already booked Vistara flights for travel on or after November 12, the airline has assured that their tickets will be automatically transferred to Air India flights. Vistara will notify passengers of any changes to their bookings through messages and emails, ensuring a smooth transition during this merger process.
Vistara, a joint venture between Tata Sons and Singapore Airlines, has been a key player in both domestic and international air travel. Prior to the merger, Singapore Airlines held a 49 percent stake in Vistara. The decision to merge with Air India, announced in November 2022, is part of a broader strategy to strengthen the competitive positioning of Vistara in the rapidly evolving aviation market.
The merger process, which is expected to be finalized by October 2024, will see major changes in Vistara's operations. Vistara has announced that it will halt bookings from September 3, with no new tickets available for travel after November 11. Starting November 12, all bookings will be managed through Air India, marking the formal integration of Vistara into Air India's operations.
For passengers who have already booked Vistara flights for travel on or after November 12, the airline has assured that their tickets will be automatically transferred to Air India flights. Vistara will notify passengers of any changes to their bookings through messages and emails, ensuring a smooth transition during this merger process.
Vistara, a joint venture between Tata Sons and Singapore Airlines, has been a key player in both domestic and international air travel. Prior to the merger, Singapore Airlines held a 49 percent stake in Vistara. The decision to merge with Air India, announced in November 2022, is part of a broader strategy to strengthen the competitive positioning of Vistara in the rapidly evolving aviation market.
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