Air India completes merger with Vistara
Air India completed (12-Nov-2024) the process of merging Air India and Vistara into a single airline operating under the Air India brand on 12-Nov-2024. The resulting airline has a fleet of 208 aircraft and operates more than 5600 frequencies per week to more than 90 domestic and international destinations. Air India MD and CEO Campbell Wilson stated: "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". [more - original PR]
Background ✨
Singapore Airlines announced the completion of the Air India and Vistara merger, noting that all merger conditions were met and that it would fund additional capital injections through internal cash resources1. The merger process involved significant executive changes, with Vistara's CEO and other key executives taking on roles within the Air India Group2. The merger received various regulatory approvals, including from India's National Company Law Tribunal and Directorate General of Civil Aviation3 4.