Air India said on Tuesday (November 12, 2024) that it has completed the integration and legal merger with Vistara, a day after the latter flew for the last time under its own flight code “UK”.
The development follows the integration of Air India Express and erstwhile AirAsia India achieved last month to form the low-cost arm of the airline, that will complement the Air India-Vistara combined entity which will serve as a full-service airline for the Air India group.
“The merger of Air India and Vistara completes the consolidation and restructuring phase of the Air India Group’s post-privatisation transformation journey, and is thus a significant milestone,” Campbell Wilson, MD & CEO of Air India.
The unified Air India Group now operates over 8,300 weekly flights on 312 routes, connecting more than 100 domestic and international destinations with a fleet of 300 aircraft. Within this, Air India will fly on metro to metro domestic routes, key short-haul international routes as well as long-haul ones. Air India Express will connect tier-2 and tier-3 cities with metros and short-haul international destinations.
Singapore Airlines announced on Tuesday that it will be injecting an additional ₹3,194 crore into Air India apart from a sum of ₹5,020 crore in lieu of a 25.1% stake in the airline.
Published - November 12, 2024 03:45 pm IST
