Vistara is a three way partnership between Singapore Airlines and Tata Group. (Representative Image)
The merger of Vistara with Air India underneath a deal, whereby Singapore Airlines will purchase a 25.1 per cent stake in Air India, was introduced in November 2022
The remaining competitors-associated approval for Air India-Vistara merger coming in from the Singapore regulator will now permit each airways to share detailed data to optimise their schedules and contracts, Air India chief Campbell Wilson stated on Friday.
The merger of Vistara with Air India underneath a deal, whereby Singapore Airlines will purchase a 25.1 per cent stake in Air India, was introduced in November 2022. Vistara is a three way partnership between Singapore Airlines and Tata Group.
On March 5, the Competition and Consumer Commission of Singapore (CCCS) granted conditional approval for the deal after accepting sure commitments from Air India, Singapore Airlines and Vistara to tackle doable anti-competitors issues.
In a message to workers on Friday, Air India Chief Executive Officer and Managing Director Campbell Wilson stated the CCCS nod enhances the approval granted by the Competition Commission of India (CCI) six months in the past for the proposed merger.
“… being the final competition-related approval, permits Air India and Vistara to now share detailed information to optimise our schedules, contracts and accelerate the journey to merger,” he stated.
According to him, the undertaking, involving greater than 80 folks over 8 months, to harmonise working procedures and manuals throughout the 4 Tata airways is now coming into its remaining part.
“Alignment of procedures will expedite the safe transfer of crew and aircraft from one AOC to another, so it a critical aspect of bringing our two LCCs, and our two FSCs, into the final state,” he added.
As a part of consolidating its airline enterprise, Tata Group is merging Full Service Carriers (FSCs) — Air India and Vistara — and likewise bringing collectively the 2 Low Cost Carriers (LCCs) — Air India Express and AIX Connect (earlier referred to as AirAsia India).
