Air India, Vistara to Merge by 2024

In today’s important aviation news, two major airlines operating in India—Vistara and Air India—have agreed to merge their operations. Scroll down to learn more.  

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The merger is expected to be complete by March 2024. As per the reports, Singapore Airlines will get a 25.1% stake in the Air India group as a result of its investment of $250 million in the Indian carrier. 

Also read: Air India, Vistara Launch International Flights

Thanks to this consolidation, the Air India group now possesses the second largest market share (25.9%) in domestic aviation, preceded by IndiGo which commands 56.7% of the traffic. 

Earlier this month, Air India also fully bought out AirAsia India from Malaysia-based AirAsia Aviation Group. The airline stated that it would merge AirAsia India with its low-cost unit, Air India Express. 

For more information, you can refer to this tweet:

Also read: Build Your Bucket List: Akasa Air Now Flying to 10 Destinations

Did you know? Vistara is a joint venture between Tata Sons and Singapore Airlines, with the former owning a 51% stake. 

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