The Tata Group today announced the consolidation of its airlines Vistara and Air India.
“With this consolidation, Air India shall be India’s leading domestic and international carrier with a combined fleet of 218 aircraft, making it India’s largest international carrier and second largest domestic carrier,” says a release from Tata Group.
Air India, an airline fully owned by Tata Sons, has been the flag carrier of India. Tata Sons, via its fully owned subsidiary Talace Private (Talace), had acquired 100 percent stake in Air India on January 27, 2022.
Vistara, a 51:49 joint venture between Tata Sons and Singapore Airlines (SIA), was established in 2012, and shall be merged with Air India after requisite approvals. As part of the merger transaction, SIA will invest Rs 2,059 crore ($257 million) in Air India and will hold a 25.1 percent equity stake.
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