CURRENT AFFAIRS

Detailed explanation-1: -On 29 November, 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.

Detailed explanation-2: -Vistara – TATA SIA Airlines Ltd. The company is registered as TATA SIA Airlines Limited.

Detailed explanation-3: -Air India and Vistara had announced a merger last year. As part of the merger with Air India, which the Tata Group acquired in January, SIA will invest Rs 2, 059 crore in Air India.

Detailed explanation-4: -On November 2, Air India said an operational review process is underway to integrate budget carrier AirAsia India with Air India Express, and the merger is likely to be completed by the end of 2023. Post-merger, the entity will be branded as Air India Express.

Detailed explanation-5: -The Tata group today announced the consolidation of its airlines, Vistara and Air India. With this consolidation, Air India shall be India’s leading domestic and international carrier with a combined fleet of 218 aircraft, making it India’s largest international carrier and second largest domestic carrier.