NEW DELHI :Indian conglomerate Tata Group is merging Air India with Vistara, its joint venture with Singapore Airlines , to create a bigger full-service carrier that will strengthen its presence in domestic and international skies.
Tata Group Chairman N Chandrasekaran said the merger was an important milestone in efforts to rebuild Air India into a"world-class airline". It will also allow the Indian conglomerate to consolidate its brands around full-service Air India and low-cost Air India Express, which is being merged with AirAsia India after Tata bought out former partner AirAsia.
"We will work together to support Air India's transformation programme, unlock its significant potential, and restore it to its position as a leading airline on the global stage," SIA Chief Executive Goh Choon Phong said.