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Tata Group Air India Deal: Tata Group has taken a big decision regarding its airlines business. The Tata Group has started working on the option of merging Air Asia and Vistara with Air India. This important decision has been taken to establish better operational synergy between these three airlines.
Air India in the hands of Tata
The Tata Group took over the control of Air India in January 2022. In October last year, the Tata group acquired Air India for 18 thousand crores. A team has been formed under the leadership of the company’s Director of Operations RS Sandhu for the option of merging Air Asia and Vistara with Air India. These employees of the company will conduct assessments to enhance operational synergy between Air India Express and AirAsia India as well as Air India and Vistaar.
work with target
Air India CEO and Managing Director Campbell Wilson has formed this team. The team will consider ways to create better synergy between Air India Express and AirAsia India and Air India and Vistaar and to achieve the merger target.
see what is the plan
According to sources, this team has been asked to submit its plan within 1 year. Such speculations are being made that the Tata Group plans to merge AirAsia India with Air India Express in 1 year. Tata Group aims to bring all airline businesses under Air India by 2024.
what is share
In January this year, the Tata Group took control of Air India and its affordable international unit Air India Express from the government. It holds 83.67 percent stake in Air Asia India. On the other hand, Tata Sons holds 51 percent stake in Vistara and Singapore Airlines holds the remaining 49 percent stake.
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