According to news agency PTI, Singapore Airlines stated that it wanted to finish the Vistara and Air India merger “as soon as possible,” pending final approval from the necessary authorities.
Details on Singapore Airlines wants the merger of Vistara and Air India to be completed quickly
According to the merger agreement, which the Competition Commission of India (CCI) approved on September 1st, Singapore Airlines would acquire a 25.1% share in Air India.
Vistara, a joint venture in which Singapore Airlines owns a 49% part, would be merged with Air India, with Tata Sons holding the remaining interest.
Both Singapore Airlines and Air India have made explicit promises to the CCI in order to address competitive issues resulting from the merger.
Singapore Airlines expressed its gratitude for the CCI’s approval of the merger in a formal statement released on Tuesday, and it reaffirmed that the airline and its subsidiary, Scoot, are dedicated to upholding these pledges. The Singapore Airlines group serves as the operating company for Scoot.
Singapore Airlines stated in an e-mailed statement that it “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.”
For some overlapping Origin and Destination (O&D) pairs between India and Singapore, Air India and Singapore Airlines have agreed to maintain a minimum capacity and supply level in accordance with the CCI’s ruling. Delhi-Singapore, Mumbai-Singapore, Tiruchirappalli-Singapore, and Chennai-Singapore are a few of these combinations.
Singapore Airlines now offers 16 weekly flights on the Mumbai-Singapore route, and runs flights “14 times weekly/twice daily” between Delhi and Singapore.
Additionally, Scoot offers 14 weekly flights/twice daily service between Tiruchirappalli and Singapore, while Singapore Airlines offers 17 weekly flights between Chennai and Singapore.