Vistara To Merge With Air India: What Tata Group Said On The Deal
NDTV
Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines.
Vistara Airlines will be merged with the Tata group-owned Air India, said a release by the Tata Group today. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines.
Here is what Tata said a statement today:
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.
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 Limited (“Talace)”, had acquired 100% stake in Air India on 27th January 2022.
