BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Vistara, a 51:49 Joint Venture between Tata Sons and Singapore Airlines Limited (“SIA”) was established in 2013 and is India’s leading full-service carrier with international operations in Middle East, Asia and Europe. Vistara shall be merged with Air India post receipt of requisite approvals.

Detailed explanation-2: -Tata SIA Airlines Limited, known by the brand name Vistara, is a 51:49 joint venture between Tata Sons Private Limited and Singapore Airlines Limited (SIA).

Detailed explanation-3: -AIX Connect, formerly known as AirAsia India, is an Indian low-cost airline headquartered in Bangalore (Bengaluru), Karnataka. The airline was a joint venture between Tata Sons and AirAsia Bhd. Tata Sons currently holds a 100% stake in the airline, after AirAsia Bhd sold its remaining 16.33℅ stake to Air India.

Detailed explanation-4: -Vistara airlines will be merged with Tata-owned Air India by March 2024, the company announced today. Singapore Airlines, which owns minority share in Vistara in its joint venture with Tata, will own around 25 per cent of the enlarged Air India, into which it’ll infuse over ₹ 2, 000 crore.

Detailed explanation-5: -In November 2022, Singapore Airlines and Tata Group announced a merger between Air India and Vistara, with Singapore Airlines holding 25.1% of the merged entity. The merger is expected to be completed by March 2024.