Rumblings from Vistara-Air India merger
As Tata Group forces the marriage, some protest aloud while others do so silently
As Tata Group forces the marriage, some protest aloud while others do so silently
Singapore Airlines will get a 25.1% stake in the Air India Group following the merger.
As Tata-run Air India embarks on one of the biggest transformations in aviation history, a festering and rising resentment threatens the plan
As Vistara mulls its merger with Air India, dread is the primary feeling that fills its cabins in the air and on ground.
Along with the merger, Singapore Airlines will infuse ₹2,058.5 crore into Air India, which will give it a 25.1% stake in an enlarged Air India group.
AirAsia says it has sold the remaining stake in AirAsia India to Tata to focus on ASEAN nations. Move also seen as part of Tata’s strategy to consolidate its aviation biz under one umbrella.
Singapore Airlines owns a 49% stake in Tata SIA Airlines, which operates Vistara, while Tata Group holds the remaining 51% shares in the carrier.
The Tata group has evinced interest in buying Air India, even as it already owns loss-making airlines AirAsia India and Vistara. Despite its deep pockets, turning around Air India may not come easy.
While the Jet 2.0 programme is aimed at reviving the past glory of Jet Airways, the airline's new investors need to have the appetite for losses and commitment to investing top dollar. Will they?
Chief strategy officer Vinod Kannan, a Singapore Airlines veteran, will take over from Kapoor.