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Moneycontrol Pro Panorama | Vistara-Air India merger: Indian aviation is flying into interesting times

In today’s edition of Moneycontrol Pro Panorama: Oil price caps seem futile, demands for benefit pensions gather steam, OPEC cuts oil production amid China crisis, what Q2 GDP says about Indian economy, and more

November 30, 2022 / 02:47 PM IST
Representative image

Representative image

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The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. 

The Indian domestic airspace is getting smaller with the merger of Vistara and Air India. The merger will be the biggest in India’s aviation sector.
The Tata Group on Tuesday announced the consolidation of Vistara with Air India by March 2024. According to the details of the merger reported in the media, Singapore Airlines (SIA), which currently holds 49 percent of Vistara, will invest Rs 2,059 crore to get 25.1 percent in the merged Air India.

The combined fleet of Air India (including Air India Express and AirAsia India) and Vistara will be 218 wide and narrow-body aircraft, making it the second-largest domestic player and the country’s largest international carrier. The airline will be serving 38 international and 52 domestic destinations. Air India will be the only Indian airline to fly both the full-service and low-cost fleets. The merger will be a win-win as it covers the entire spectrum of offerings and the only routes that overlap are between India and Singapore.