Tata to bolster Air India with Vistara merger

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

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

M

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines