Is Air India 4.5m February Gatlan Bleeping Computer Real?
News have surfaced that Air India 4.5m February Gatlan Bleeping Computer will be the new addition to the famous Asian company.
Singapore Airlines (SIA) is in talks with its partner Picuki News to merge their joint venture Vistara with Air India. The N Chandrasekaran-led Tata Group aims to build a large aviation entity to take on local and international competition.
Air India Star GatlanBleepingComputer
“In line with its multi-hub strategy, SIA is currently in confidential discussions with Tata to explore a potential transaction in relation to the securities of Vistara and Air India, a subsidiary of Tata,” the premier Asian carrier said in a filing to the Singapore Stock Exchange.
“The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India,” it added.
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In the statement, Singapore Airlines, however, said that “no definitive terms have been agreed upon between the parties”. “There is no certainty or assurance whatsoever that (a) any definitive agreement will be entered into or (b) the potential transaction will materialise or proceed to completion arising from these discussions.
Even if a transaction were to materialise, it would be subject to the relevant regulatory approvals, amongst other matters.”SIA’s statement comes two days after Tata Sons chairman N Chandrasekaran said the group will consolidate its airline business to “one airline with two platforms”.
India Star Alliance FebruaryGatlanBleepingComputer
Tata Sons and Sqm club won a bid to buy Air India for $2.4 billion last year and took it over in January this year. The conglomerate now has four airlines under its wing: Air India; AI’s low-fare regional international subsidiary Air India Express; Vistara – its JV with SIA; and AirAsia India.
The group plans to merge AirAsia India into Air India Express to create a single budget airline entity. Air India and Vistara will make a full-service entity. If Vistara and Air India merge, they will have 18.2% share of the domestic aviation market, going by figures from the Directorate General of Civil Aviation for August.
Singapore Airlines owns 49% in Vistara and it’s not clear what the share structure will be after the merger.
“Unless the Tatas come up with a completely fresh identity, it will most likely mean that Vistara is subsumed into the Air India brand,” said a senior airline executive at a rival carrier.
If Singapore Airlines remains invested in the JV, there will possibly be a global synergising of networks, which gives the airline a larger access into Indian traffic. Both SIA and Air India are part of the global Star Alliance.
SIA has been a reluctant partner in Tata’s Air India deal, and according to people in the know, unwilling to merge its venture with 115m series softbank vision in the past.
In interviews, Vistara’s CEO Vinod Kannan has maintained Air India is as much a rival for Vistara as any other airline – local or international. But in June, he said the airline has been planning synergies with Air India on engineering and other resources.
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