Air India Vistara Merger: International owned aviation firm Vistara will merge with the most important aviation firm Air India at present on 11 October 2024. After this merger, Vistara will be part of Air India Group. As we speak is the final day to fly Vistara flights earlier than becoming a member of Air India Group. With this, the variety of full-service airways within the quickly rising Indian aviation sector will decline from 5 to only one within the final 17 years. The merger will convey to an finish one other Indian airline collectively owned by a overseas airline shaped after the liberalization of overseas direct funding (FDI) norms.
Vistara was born in 2012
Singapore Airways, which holds 49% stake in foreign-owned Vistara, can have solely 25.1% stake in Air India after the merger. In 2012, the UPA (United Progressive Alliance) authorities led by then Prime Minister Manmohan Singh had allowed overseas airways to purchase as much as 49% stake in a home airline. After this, Gulf area airline Etihad acquired 24% stake within the now defunct Jet Airways and alternatively AirAsia India and Vistara had been born.
Many airways sank
Vistara can also be the one full service airline to start operations within the final 10 years. Not less than 5 FSCs had been launched in India following the merger of full service service (FSC) Indian Airways with Air India in 2007. Nonetheless, with time Kingfisher and Air Sahara disappeared. Kingfisher closed down in 2012, whereas Air Sahara was acquired by Jet Airways. It was renamed JetLite and merged with Jet Airways in 2019.
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Displeasure amongst Air India pilots
Forward of the merger of Air India and Vistara, a bit of Air India pilots are offended over the totally different age limits of retirement for pilots of the 2 airways owned by the Tata Group. Giving info, sources mentioned that the administration has not but resolved this problem. The retirement age of pilots and different workers of Air India, which got here beneath Tata possession at first of 2022, is 58 years. Whereas in Tata Group's different airline Vistara, this restrict is 60 years. Sources mentioned there may be rising resentment amongst a bit of Air India pilots because the administration has not but mounted a uniform retirement age for the merged entity.
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