Page 71 - Air India

Why merging Brand Vistara with Air India makes sense: Experts explains

With a single airline brand, Tatas aim for quick business turnaround

Singapore Airlines' financial outlay for Vistara-AI merger minimal: Report

The financial outlay for the Singapore Airlines Group under the proposed Vistara-Air India merger is "minimal when considered against the fact that it is acquiring a 25.1 per cent in interest in the enlarged Air India", according to a regulatory filing. Singapore Airlines (SIA), which commenced services to India more than 50 years ago, expects to immediately gain exposure to an entity that is four to five times larger in scale post the merger. On Tuesday, Tata group and SIA announced the merger of Vistara with Air India and subject to regulatory approvals, the deal is expected to be completed by March 2024. The financial exposure of the SIA Group for the merger would effectively be the aggregate of the value of its 49 per cent interest in Vistara and the cash consideration of Rs 2,058.5 crore. "It is noted that due to losses sustained since 2013, Vistara has zero carrying value in the SIA Group financial statements as at 30 September 2022," SIA said in the filing to the Singapore .

'Do not worry about future', Vistara CEO Vinod Kannan writes to employees

In a mail to the employees of Vistara following the announcement of the merger with Air India, Kannan said that it will be 'business as usual' for the airlines

Tata group, Singapore Airlines finalise merger of Air India and Vistara

Combined entity will become India's largest international and second largest domestic carrier

Vistara merger will bolster Air India's transformation effort: CEO Wilson

Air India chief Campbell Wilson on Tuesday said that Vistara's success will strengthen Air India's transformation programme and also help in quickly attaining the size befitting a global carrier. After the announcement of the decision to merge Vistara with Air India, Vistara CEO said it will be business as usual for all its stakeholders during the integration process that will take some time. Subject to regulatory approvals, the merger is expected to be completed by March 2024. In a statement, Campbell said Vistara has achieved much over the last eight years. "The skills, people, systems and processes that have driven Vistara's success will complement, strengthen and accelerate Air India's Vihaan.AI transformation programme," the CEO and MD of Air India said. Further, he said the merger will enable the new Air India to more quickly attain the size, reach and quality befitting of a world class airline proudly representing India around the globe. Tata group took over the loss-makin

Tata Group announces Air India merger with Vistara; SIA to get 25% stake

Singapore Airlines on Tuesday said Vistara will be merged with Tata group-owned Air India. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA). As part of the transaction, SIA will also invest Rs 2,058.5 crore in Air India. "This would give SIA a 25.1 per cent stake in an enlarged Air India group with a significant presence in all key market segments. SIA and Tata aim to complete the merger by March 2024, subject to regulatory approvals," SIA said in a release.

Air India gets first Boeing 777-200LR to fly on international route

The Boeing aircraft leased from Delta airlines has premium economy class along with standard classes

Domestic airlines flew 409,831 passengers on Sunday, highest since May 2020

Air traffic touches nearly 96 per cent of pre-Covid level

Top Headlines: Air India on metro-to-metro routes; RBI rate hike & more

A Business Standard poll shows that the Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) is likely to announce a 35-basis point (bp) hike in the repo rate on December 7

Changing flight path: Air India now flying more on metro-to-metro routes

Exiting unviable ones as part of domestic strategy

Air India rolls out new grooming guidelines; use of hair gel, shave must

Tata-owned Air India (AI) has released latest grooming guidelines for all its crew members while giving clear instructions about the 'No More Chalta Hai'culture

Air India expands its US, Europe network with new non-stop flights

To operate new Mumbai-New York flights; resume flights to Copenhagen, Milan, Vienna from Delhi

You're not welcome! UAE bars entry for those with single name: Air India

Single named passengers will not be allowed entry into the UAE with immediate effect under the new guidelines

Air India mandates Skytech-AIC to sell 4 Boeing 747-400 jumbo aircrafts

Tata Group-owned Air India has mandated UK-based remarketing firm Skytech-AIC for the sale of its four Boeing 747-400 jumbo planes. These aircraft were deregistered by the Directorate General of Civil Aviation earlier this year. In a statement on November 21, Skytech-AIC said it has been appointed by Air India to market four Boeing 747-400s for outright sale. The aircraft, which are Pratt & Whitney 4056-powered and were built between 1993 and 1996, are offered for immediate delivery, it added. "We are honoured to have been selected by India's flag-carrier, Air India for this important assignment and are delighted to welcome them as a remarketing client alongside similarly leading airlines such as Singapore Airlines Group, Kuwait Airways, Air Greenland and Europe's TUI Group," Skytech-AIC Managing Director Julian Balaam said in the statement posted on the company's website. Apart from ferrying India's VVIPs -- president, vice president and prime minister -- the four jumbo planes ..

Air India posts best monthly on-time performance among carriers after years

When it was a run by the government, the airline was usually at the bottom of DGCA's list for on-time performance

Air India plans to hire over 100 expat pilots for wide-body planes: Report

The carrier is looking to rope in around 100 pilots for the wide-body Boeing 777 fleet and has approached various agencies that provide expat flight crew to airlines, the sources told PTI

VRS scheme: Air India gives cabin crew option to extend their release date

Air India has given an option to the cabin crew who have opted for voluntary retirement scheme to extend their tenure until January 31 next year, amid shortage of cabin crew and long waiting period for US visas, according to sources. The Tata group-owned airline, which is being revived with expanding fleet and routes, offered Voluntary Retirement Scheme (VRS) to its employees, including the cabin crew, in June this year. The relieving date for those who opted for the VRS was fixed as November 30. The sources said around 4,500 employees had applied for the scheme. "The release date from the services of the company for VRS crew has been extended. Crew members may choose to extend their release date till January 31, 2023," the airline said in a communication on Saturday. A query sent to Air India seeking comments on the matter remained unanswered. According to the communication, the VRS scheme remains unchanged and the VRS benefit will be applicable to employees who are extending the

Calicut-bound Air India flight returns to Mumbai due to technical glitch

Air India flight AI 581 was carrying more than 110 passengers, according to an official

Air India leasing more planes to expand network, grow market share: CEO

Currently, the airline has 113 aircraft which include both narrow-body and wide-body Airbus and Boeing planes

Air India to introduce premium economy class in some long haul flights: CEO

Air India will be introducing premium economy class in some of its long haul international flights next month, its chief Campbell Wilson said on Saturday as the Tata group-owned airline works on ways to expand its market share as well as the global network. In his speech at an event by the JRD Tata Memorial Trust here, Wilson said the airline will increase its market share to at least 30 per cent in domestic and international routes. The airline is implementing a long-term revival plan and over the next five years, it aims to grow its wide-body and narrow-body fleet as well as expand the global network. "The short-term actions have been to replace carpets, curtains, seat cushions and covers. To fix defective seats and inflight entertainment systems as fast as supply chains will allow. And where parts are no longer available in the market, to work with the likes of Tata Technologies to design and manufacture parts ourselves. "We've recently completely revamped the domestic inflight