Tata Group airlines' mergers get approval from regulator DGCA
4 months ago
15
NEW DELHI: The
Tata Group
on Monday got aviation
regulator
DGCA's nod for merging
Vistara
into
Air India
and erstwhile AirAsia India into AI Express. Now, only the nod for foreign investment by partner Singapore Airlines into AI is needed to meet the target of completing the integration by the year-end. With this, the group says it has "concluded the harmonisation of operating procedures across its key functions." Air India (Vistara merged into it) will be the full service carrier and
AI Express
(the other airline merged into it) will be its low-cost arm.
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