Singapore Airways, which owns 49 % of Vistara, will purchase a 25 % stake within the enlarged Air India. The opposite 75 % of the shares stay within the fingers of the Tata Group, which took over the Indian airline from the federal government originally of this yr.
Tata already owned 51 % of the shares in Vistara.
Air India and Vistara have been India’s second and fifth largest airways in 2021 respectively, and are the one two to supply long-haul flights. After the merger, it stays quantity two, as a result of funds firm IndiGo owned by Dutch CEO Pieter Elbers is by far the most important.
The 2 corporations largely fly the identical plane varieties, which facilitates fleet integration. Vistara has 54 plane: three Boeing 787s, 5 Boeing 737s and 46 plane from the Airbus A320 household.
The Air India fleet consists of 112 plane: 27 Boeing 787s, 17 Boeing 777s and 68 plane from the Airbus A320 household. Final weekend, the corporate took supply of the primary of 5 777-200LRs beforehand flying for Delta Air Traces.
The 2 small gamers Air India Categorical and Air Asia India, each already wholly owned by the Tata Group, may even be merged into the Air India Group, in order that the corporate will quickly have greater than 200 plane. The merger must be accomplished in 2024.
