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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.