AI-Vistara merger now a reality; SIA to invest Rs 3,195 cr in merged entity

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AI-Vistara merger now a reality; SIA to invest Rs 3,195 cr in merged entity - Business Standard

Quick Summary:

Marking a significant consolidation in the fast-growing Indian aviation space, Air India on Tuesday completed the Vistara merger to create an integrated airline, partly owned by Singapore Airlines, that will be flying over 1,20,000 passengers daily and connect more than 90 destinations.

The two mergers have created a full service carrier and a low-cost carrier of scale for the Tata Group, which is seeking to establish a "world class global aviation company with an Indian heart".

Earlier in the day, the nearly 10-year-old Vistara -- a joint venture between Tatas and Singapore Airlines -- flew into the sunset and its last flight was from Delhi to Singapore.