Vistara-Air India merger: Singapore Airlines aims for swift completion
Singapore Airlines said it wants to complete the merger of Vistara with Air India “as soon as possible”, subject to remaining approvals from relevant authorities, reported news agency PTI.
The merger plan, which received the green light from the Competition Commission of India (CCI) on September 1, is set to grant Singapore Airlines a 25.1 per cent stake in Air India.
Vistara, a joint venture in which Singapore Airlines holds a 49 per cent stake, will see its integration with Air India, with the remaining ownership being held by Tata Sons.
To address competition concerns stemming from the merger, both Singapore Airlines and Air India have made specific commitments to the CCI.
In an official statement issued on Tuesday, Singapore Airlines expressed its appreciation for the CCI’s approval of the merger and confirmed that both the airline and its subsidiary, Scoot, are committed to abiding by these commitments. Scoot operates under the umbrella of the Singapore Airlines group.
“Singapore Airlines continues to work with our partner Tata Sons and aims to complete the merger as soon as possible, subject to the remaining approvals from the relevant authorities,” an airline spokesperson said in an e-mailed statement.
Under the CCI’s order, Air India and Singapore Airlines have committed to maintaining a minimum capacity and supply level for certain overlapping Origin and Destination (O&D) pairs between India and Singapore. These pairs include Delhi-Singapore, Mumbai-Singapore, Tiruchirappalli-Singapore, and Chennai-Singapore.
According to the provided information, Singapore Airlines currently operates flights “14 times weekly/twice daily” on the Delhi-Singapore route and offers 16 weekly flights on the Mumbai-Singapore route.
Additionally, Singapore Airlines operates 17 weekly flights on the Chennai-Singapore route, while Scoot operates 14 weekly flights/twice daily on the Tiruchirappalli-Singapore route.