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Tata Group Plans: Air India, Vistara, and AirAsia India are likely to merge by 2024.

Vistara-and-AirAsia-India-are-merge-by-2024

According to a current source, the Tata Group is ready to start unifying its airline operations under the Air India name. AirAsia India’s ownership will be transferred to Air India to kick off the process, and a maximum 2024 deadline has been set for the completion of the merger of the Tatas’ whole airline operation.

The plan, which is now being debated at various levels inside the organization, is expected to start the merger by combining AirAsia India with Air India Express, according to The Indian Express’s report. The merger will probably be finished within the upcoming 12 months. The Tata Group may consider a Vistara-Air India merger when this one is done, with Singapore Airlines (SIA), which owns a portion of Vistara, teaming up with the group to become a co-owner of Air India.

“AirAsia India will shortly become an Air India subsidiary through a transfer process, and AirAsia will then combine with Air India Express. According to a person acquainted with the situation, integrating the two airlines is anticipated to take at least 12 months from the commencement date. Tata Sons presently owns the majority of the shares in AirAsia India.

At the beginning of the year, the Tata Group paid the government Rs 18,000 crore to purchase Air India. It also received permission to run Air India Express, a fully-owned low-cost subsidiary of Air India.

At the beginning of the year, the Tata Group paid the government Rs 18,000 crore to purchase Air India. It also received permission to run Air India Express, a fully-owned low-cost subsidiary of Air India. In addition, the Tata Group owns 51 percent of shares in Vistara and 83.67 percent of AirAsia India.

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