Tata Group considers merging AirAsia, Vistara: Report
As the Tata Group gears to scale up its aviation business, the firm is currently considering a merger of budget airline AirAsia India with Vistara, according to a report by Mint.
Quoting official sources, the report stated that a decision is likely to be taken by March-end.
DH couldn’t independently verify the report.
Tata group owns 51% of Vistara, with the rest held by Singapore Airlines (SIA). In case the potential merger of AirAsia India with Vistara to operate a single airline under the Vistara brand goes through, the Singapore Airlines (SIA) would also have to give its consent, the report added.
