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The November 2022 deal will inject a further SGD 360 million ($267 million) into Air India; this agreement is still subject to regulatory approval
Deloitte is working with senior executives from Air India and Vistara to integrate human resources while AZB Partners is working on regulatory compliance
It's just that no govt so far has forced airlines to use bigger planes on Indian trunk routes
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The airline, a 51:49 joint venture of the Tatas and Singapore Airlines, has seen infusion of at least Rs 9,900 crore as equity after its birth in 2015
Futurebrands has earlier worked on rebranding the American Airlines and luxury auto brand Bentley
With a single airline brand, Tatas aim for quick business turnaround
Combined entity will become India's largest international and second largest domestic carrier
Singapore Airlines on Tuesday said Vistara will be merged with Tata group-owned Air India. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA). As part of the transaction, SIA will also invest Rs 2,058.5 crore in Air India. "This would give SIA a 25.1 per cent stake in an enlarged Air India group with a significant presence in all key market segments. SIA and Tata aim to complete the merger by March 2024, subject to regulatory approvals," SIA said in a release.
The expected merger is set to happen within a month of the Tata group completing the consolidation of Air India Express and AirAsia India
For the corresponding period a year ago, the airlines suffered a loss of SGD 602 mn for first half and a loss of SGD 345 mn for second quarter of its financial reporting period which starts in April
Singapore Airlines and Tata group are in talks, exploring viability of merging Vistara and Air India. If materialised, what will this merger mean for Tata's aviation ambition? Let's dwell into details
SIA, however, has cautioned its investors that there is no certainty of a deal
A 37-year-old American man has been charged in a Singapore court with assaulting cabin crew and making a hoax bomb threat aboard a Singapore Airlines flight travelling from San Francisco. Singapore police were alerted on Wednesday to an alleged bomb threat on board flight SQ33 from San Francisco to Singapore. The man was restrained by the crew, and police subsequently arrested him for making false threats of terrorist acts and for the suspected consumption of controlled drugs. The plane landed safely at Changi Airport at about 5.50 am, under the escort of Republic of Singapore Air Force F-16C/D fighter jets. "Preliminary investigations indicate that during the flight, the man had allegedly shouted that there was a bomb on the plane and grabbed another passenger's luggage from the cabin's overhead compartment," the Singapore Police Force (SPF) said in a statement on Thursday. A member of the cabin crew who tried to intervene and restrain La Andy Hien Duc was allegedly assaulted, s
Singapore's Ministry of Defence (MINDEF) announced on Wednesday that a bomb threat on Singapore Airlines flight SQ33 from San Francisco has been verified to be false
Its aim for a third of the domestic market by 2027 is contingent on a host of factors, many of them outside its control
SIA, which consists of full-service carrier Singapore Airlines and low-cost airline Scoot, carried a total of 2.083 million passengers in August, a similar number to that in July.
Airline to offer premium economy class
Singapore Airlines to restore pre-Covid flight frequency to Indian cities
Singapore Airlines Group reported its highest ever first-quarter operating profit of USD 403 million last week on "surging passenger demand"