The regulator further indicated that compliance with the parties’ voluntary undertakings is a prerequisite of Singapore Airlines’ acquisition of a specified share in Air India.
Merger of Air India and Vistara: The Competition Commission of India (CCI) stated on Friday, September 1, that the merger of Tata Singapore Airlines Limited (SIA) Airlines, which owns Vistara, and Air India had been approved. The regulator further indicated that compliance with the parties’ voluntary undertakings is a prerequisite of Singapore Airlines’ acquisition of a specified share in Air India.
Vistara is a joint venture between Tata Sons and SIA. Singapore Airlines controls the remaining 49% of the corporation, with Tata Sons owning 51%. Air India is owned by Talace Private Limited, a fully owned subsidiary of Tata Sons. In addition to providing economies of scale to both Vistara and Air India, the potential merger may give Singapore Airlines with access to dozens of additional slots throughout the world and assist Tata Sons in consolidating its aviation industry financial sheets. After the merger, Air India and Vistara are expected to keep their own brand names, however only one may survive.
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According to Singapore Airlines, India’s internal and international traffic flows are expected to more than treble over the next 10 years.
“Shareholders and prospective investors are advised to exercise extreme caution when dealing with or trading in the company’s securities.” According to the Singapore Exchange Securities Trading Ltd’s Listing Manual, the company will make the necessary announcements as appropriate or whenever there are any significant developments regarding the potential transaction, the airline said in a statement last year.
The Tata group today operates four airlines: Air India, Air India Express, AirAsia India, and Vistara. Tata Sons is implementing an airline consolidation strategy in order to decrease costs, generate synergies by optimizing aircraft use and routes, and boost market share in order to compete with IndiGo, India’s largest airline with a 59% market share.
Air India presented its new corporate identity and aircraft livery earlier this month as part of its rebranding, which represent the airline’s bold vision for the future. The airline’s new aircraft livery and design feature a chakra-inspired pattern with a color combination of deep crimson, aubergine, and gold accents. When Air India’s first Airbus A350 with the new livery joins the fleet in December.
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