Vistara-Air India merger likely by year-end
Singapore Airlines' investment in Air India, alongside the merger, signals a significant development in the aviation sector. Post-consolidation, Singapore Airlines will hold a 25.1% shareholding in the enlarged Air India Group. This move aligns with the broader consolidation strategy within the industry, as seen with the inclusion of Air India, Air India Express, AirAsia India, and Vistara under the umbrella of the enlarged Air India Group.
Air India's ongoing transformation plan, named 'Vihaan.AI,' underscores the airline's commitment to enhancing various aspects of its operations over a five-year period. This plan aims to revamp the customer proposition, improve on-time performance, achieve sustained growth, profitability, and ultimately, regain market leadership. Such initiatives are crucial for the long-term sustainability and competitiveness of Air India within the dynamic aviation landscape.