Also, the merger -- that will see Vistara's 49 per cent owner Singapore Airlines holding 25.1 per cent stake in Air India post the merger-- will mark the sunset of another Indian airline jointly owned by an overseas carrier after the liberalisation of foreign direct investment norms.
In 2012, Prime Minister Manmohan Singh-led UPA government allowed foreign airlines to buy up to 49 per cent in a domestic carrier, which later resulted in the now defunct Jet Airways securing 24 per cent stake from Gulf carrier Etihad besides the birth of AirAsia India and Vistara.
When Vistara folds up into the Air India Group on Monday, the number of full service carriers in the fast-growing Indian aviation space will come down to just one from five in a span of over 17 years.
The story "With Vistara merging, Air India is now the only full-service Indian carrier" has 485 words across 19 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story "With Vistara merging, Air India is now the only full-service Indian carrier" was covered 1 weeks ago by Business Standard, a news publisher based in India.
How trustworthy is 'Business Standard' news outlet?
Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.
The outlet is headquartered in India and publishes an average of 137 news stories per day.
It's most recent story was published 3 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
