NCLT Approves Air India-Vistara Merger
AVIATION & AIRPORTS

NCLT Approves Air India-Vistara Merger

The National Company Law Tribunal (NCLT) has approved the merger of Tata Sons-owned Air India and Vistara airlines, a significant step towards creating one of the world?s largest airline groups. This decision, announced on June 6, 2024, enables the airlines to begin integrating their staff, resources, and fleets, with an aim to complete the merger by the end of 2024.

First announced in November 2022, the merger will absorb Vistara, which is 49% owned by Singapore Airlines (SIA). Post-merger, SIA will hold a 25.1% stake in the combined entity. The consolidation aims to make Air India the largest international carrier and the second-largest domestic carrier in India. The merged airline will operate a combined fleet of 218 aircraft.

The merger has received all necessary approvals, including from the Competition Commission of India and the Directorate General of Civil Aviation. Additionally, the NCLT?s order mandates that all formalities, including Foreign Direct Investment approvals and security clearances, be completed within nine months.

Campbell Wilson, CEO of Air India, highlighted that this merger is part of a broader transformation strategy at Air India, which includes the retrofitting of over 100 planes and the order of 470 new jets from Airbus and Boeing. The airline is also focused on enhancing customer experience through fleet optimization and potential new partnerships.

The National Company Law Tribunal (NCLT) has approved the merger of Tata Sons-owned Air India and Vistara airlines, a significant step towards creating one of the world?s largest airline groups. This decision, announced on June 6, 2024, enables the airlines to begin integrating their staff, resources, and fleets, with an aim to complete the merger by the end of 2024. First announced in November 2022, the merger will absorb Vistara, which is 49% owned by Singapore Airlines (SIA). Post-merger, SIA will hold a 25.1% stake in the combined entity. The consolidation aims to make Air India the largest international carrier and the second-largest domestic carrier in India. The merged airline will operate a combined fleet of 218 aircraft. The merger has received all necessary approvals, including from the Competition Commission of India and the Directorate General of Civil Aviation. Additionally, the NCLT?s order mandates that all formalities, including Foreign Direct Investment approvals and security clearances, be completed within nine months. Campbell Wilson, CEO of Air India, highlighted that this merger is part of a broader transformation strategy at Air India, which includes the retrofitting of over 100 planes and the order of 470 new jets from Airbus and Boeing. The airline is also focused on enhancing customer experience through fleet optimization and potential new partnerships.

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?