Tata Group Announces Merger of Vistara and Air India
Nov. 30—Kolkata(The Statesman/ANN)- The Tata Group on Tuesday announced the consolidation of its airlines, Vistara and Air India. With this consolidation, Air India will 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 a 100 per cent stake in Air India on January 27.
Vistara, a 51:49 Joint Venture between Tata Sons and Singapore Airlines Limited ("SIA") was established in 2013 and is India's leading full-service carrier with international operations in the Middle East, Asia, and Europe.
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