merger
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Business
Vistara’s Final Flight Marks End of an Era as Airline Merges with Air India
As the last boarding announcements filled the air at Kempegowda International Airport in Bengaluru, travelers on Vistara’s final flight took their seats, surrounded by the airline’s signature aubergine interiors. With a sentimental tone, Captain Adarsh Mohan informed passengers that this would be his final flight under the Vistara name, symbolizing the end of the airline’s independent operations as it officially…
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Business
Vistara to Cease Operations as Merger with Air India Nears Completion
The merger between Vistara and Air India is nearing completion, with Vistara set to cease operations on November 11, 2024. This follows the Indian government’s approval of Singapore Airlines’ ₹2,058.5 crore investment in the Air India Group. The merger is part of Tata Group’s strategy to consolidate its aviation interests, bringing Vistara—originally a Tata-Singapore Airlines joint venture—into the Air India…
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Business
Vistara to Merge with Air India as Singapore Airlines Gains FDI Approval
Singapore Airlines (SIA) announced on Friday that it has secured approval from the Indian government for foreign direct investment, marking a crucial step in the merger of its 49% joint venture, Vistara, with Air India. This move is part of SIA’s strategy to integrate Vistara into Air India, which is owned by Tata, to establish a leading full-service airline with…
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Business
Disney and Reliance Secure Approval for $8.5 Billion Merger, Set to Form India’s Largest Entertainment Company
Walt Disney Co. and Reliance Industries have secured regulatory approval for an $8.5 billion merger of their media assets in India, paving the way to establish the country’s largest entertainment powerhouse. * Viacom18, primarily owned by Reliance, operates 40 television channels, including well-known brands like Comedy Central, Nickelodeon, and MTV. * Viacom18 holds the broadcasting rights for domestic and international…
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