Tata to bolster Air India with Vistara merger

📆 05/05/44 07:10 م
📰 Reuters

⏱ Reading Time:
28 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 97%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Indian conglomerate Tata Group is merging Air India with Vistara, its joint venture with Singapore Airlines (SIA), to create a bigger full-service carrier that will strengthen its presence in domestic and international skies.

will own the remaining 25.1%, the Indian group said in a statement on Tuesday.

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 AirAsiaSIA said it and Tata had agreed to participate in additional capital injections into Air India if required to fund growth and operations over the next two financial years.

اكتب تعليق

And yet you couldn't find a photo of either and posted a photo of Singapore Airlines?

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين