In a significant development for the Indian aviation sector, Tata SIA Airlines Limited, operating under the brand name Vistara, has announced its merger with Air India Limited. This strategic move will integrate Vistara into Tata Group’s larger airline, Air India, promising an expanded global network and enhanced services for its customers.
The announcement, made through a public notice, Vistara detailed the merger’s implications for its customers and stakeholders:
- Data Security and Privacy: The airline reiterated its commitment to maintaining the highest standards of data security and privacy throughout the merger process. Customers’ personal information will be safeguarded diligently.
- Transparency and Accountability: Vistara emphasized its dedication to transparency and accountability, assuring customers of ongoing updates and clear communication regarding any changes resulting from the merger.
The National Company Law Tribunal (NCLT) of India has given the green light to the merger of Tata Group’s Air India and Vistara, a significant step that will create the country’s largest international airline operator. The approval, granted on June 6, marks a pivotal moment in the Indian aviation sector, setting the stage for enhanced global connectivity and service excellence.
The merger, initially announced in November 2022, involves the absorption of Vistara, which is 49% owned by Singapore Airlines, into Air India. As a result, Singapore Airlines will hold a 25.1% stake in the newly formed entity with Tata Sons holding 73.38% and remaining 1.52% to SBICAP Trustee Company Ltd. (on behalf of Air India Employee Settlement Trust).
On 14 February 2023, Air India Group has announced an order for 470 aircraft from Airbus and Boeing consisting of 210 A320neo family, 40 A350, 190 737 MAX for Air India Express, 20 787-9 and 10 777-9 aircraft at a cost of US$70 billion, for which deliveries started in late 2023.
