Vistara CEO Vinod Kannan recently announced that the legal approvals for the proposed merger between Vistara and Air India are projected to be secured within the first half of 2024. The merger was initially disclosed by the Tata Group in November 2022, outlining a significant deal that involves merging Vistara with Air India, with Singapore Airlines also set to acquire a 25.1 percent stake in Air India.
During a briefing session, Kannan emphasised the timeline, mentioning the anticipated legal approvals by mid-2024, paving the way for operational integration likely by early or mid-next year. Additionally, he mentioned the ongoing anticipation for all competition approvals by the end of the current quarter, which concludes in March.
Highlighting the prior development, the Competition Commission of India (CCI) had granted approval for the proposed merger on September 1, 2023. Presently, Vistara boasts a fleet of 67 aircraft and operates as a joint venture between Tata Sons and Singapore Airlines.