India News | Air India, Vistara CEOs to Address Staff About Merger on May 13
Get latest articles and stories on India at LatestLY. The chiefs of Air India and Vistara will address staff on May 13 on the proposed merger of the two airlines, according to officials.
New Delhi, May 10 (PTI) The chiefs of Air India and Vistara will address staff on May 13 on the proposed merger of the two airlines, according to officials.
The merger of Vistara with Air India under a deal, wherein Singapore Airlines will acquire a 25.1 per cent stake in Air India, was announced in November 2022. Vistara is a joint venture between Singapore Airlines and Tata Group.
The townhall meeting will be held in the phygital mode and employees from Air India and Vistara will be present. The meeting will be addressed by Air India CEO and MD Campbell Wilson and Vistara CEO Vinod Kannan, one of the officials said on Friday.
Kannan is also the Chief Integration Officer for the proposed merger.
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One of the officials said the meeting is expected to focus on the broad aspects and help provide an overall picture about the merger to the staff.
Air India has around 17,000 people and Vistara has about 6,500 employees.
"We expect to complete merger in a smooth manner," Kannan told PTI on April 5.
The merger is awaiting nod from the National Company Law Tribunal (NCLT) in India.
In March this year, Singapore's competition regulator CCCS gave a conditional nod for the proposed merger. In September 2023, the deal received approval from the Competition Commission of India (CCI), subject to certain conditions.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)