The
government has given its nod for the foreign direct investment by Singapore
Airlines as part of the Air India-Vistara merger.
Vistara is
a joint venture between Tata Group and Singapore Airlines. Air India is owned by Tata
Group.
"Starting 03 September 2024, customers
will, progressively, no longer be able to make bookings with Vistara for travel
on or after 12 November 2024," Vistara said in a release on Friday.
Thereafter,
Vistara aircraft will be operated by Air India and bookings for the routes
operated by these planes will be redirected to Air India's website. "Vistara will continue to
take bookings and operate flights as usual till 11 November 2024," the
release said.
The merger of Vistara with Air India was
announced in November 2022 and post-completion of the deal, Singapore Airlines
will have a 25.1 per cent stake in Air India.
Vistara CEO Vinod Kannan said the merger is about offering passengers
more choice with a larger fleet and a wider network while elevating the overall
travel experience.
"Cross-functional
teams from Air India and Vistara have been working together for many months to
make the transition of aircraft, flying crew, ground-based colleagues and, most
importantly, our valued customers, into the new Air India as seamless as
possible," Air India CEO and MD Campbell Wilson said.
In a separate release, Air India welcomed
the Union Cabinet's approval for the foreign direct investment by Singapore
Airlines in the airline.
"This is an important milestone that facilitates the
merger process between Vistara and Air India, and the broader transformation of
the Air India Group," it said.