Merger with Air India on track, regulatory nod by April 2024: Vistara CEO
The merger between Vistara and Air India is on track and the airline expects to receive all regulatory approvals by April ’24, said Vinod Kannan, CEO at Vistara on Monday.
“We (the airline) are on track to receive regulatory approvals from Competition Commission of India (CCI), National Company Law Tribunal (NCLT), among others,” Kannan added.
The airline recorded its first ever operating profit in Q3 of FY23. “The airline has sufficient capital cashflow and there is no requirement for further capital injection,” he added.
