Soon after Tata group announced the merger of Vistara and Air India, Vistara CEO (Chief Executive Officer) Vinod Kannan on today said it will be business as usual for all its stakeholders during the integration process, which will take some time.
Vistara is 51 per cent owned by Tata group and the remaining 49 per cent shareholding is with Singapore Airlines (SIA).
In a statement, Vinod Kannan said that Vistara is a fine manifestation of its parent brands Tata Sons and Singapore Airlines, and "we are delighted that we will continue to be guided by their legacies as we merge with Air India".
"The integration process will take some time, and during this phase, it will be business as usual for all our stakeholders, including customers. We will continue to share relevant information with all of them, as appropriate," he said.
A full-service carrier, Vistara was the country's second-largest domestic carrier with a market share of 9.2 per cent in October. Currently, the airline connects 43 domestic and overseas destinations and operates more than 260 flights daily with a fleet of 54 aircraft. It has around 4,700 employees.
"There is enormous potential for an airline group with the scale and network of the combined entity. We look forward to providing more opportunities for our customers, employees, and partners while putting a spotlight on Indian aviation on the global stage," Vinod Kannan said.
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