Air India and Vistara will merge, will become the first low-cost airline

Air India and Vistara Airlines are about to merge. The announcement was made by Tata Sons and SIA. However, it may take time to complete the process. For which the target has been fixed till the year 2024. It is reported that Tata Airlines will hold 74.9 per cent stake in the new firm. While Singapore Airlines (SIA) will have 25.1 per cent stake. The new firm will be named AI-Vistara-AI Express-Air Asia India Pvt Ltd (AAIPL).

Air India and Vistara have 218 aircraft

Air India and Vistara have a total of 218 aircraft. These include widebody and narrowbody. Vistara is a 51:49 joint venture between Tata Sons and Singapore Airlines Limited. Which provide their service on 38 international and 52 domestic destinations. It was established in the year 2013. Which is India’s leading full service carrier with international operations in the Middle East, Asia and Europe.

Both full and low-cost service will be available

Post merger, Air India will be the only Indian airline group to operate both full service and low-cost passenger service. According to the chairman of Tata Sons, the merger of Vistara and Air India will prove to be a milestone in making Air India a world class airline.

He says that changes are being made in Air India with the aim of providing better service and experience to the customer. Excited by the opportunity to build a stronger Air India. Which will provide both full service and low-cost service on domestic and international routes.

Currently India’s aviation market is the third largest market in the world. The aviation market is expected to double in the coming ten years. The new AI will be the largest international and second largest domestic airline.

There is a plan to triple the fleet size in the next five years. Tata Sons Chairman said that we would like to thank Singapore Airlines for their continued partnership.

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