India Business News: NEW DELHI: Air India's ambitious revival programme has entered its "climb" phase, just over two years after being taken over by the founder Tata Group.
The spate of cancellations, due to pilots taking sick leave en masse to protest the terms of their new contracts following the airline s merger with Air India, has prompted the Union Civil Aviation Ministry to seek a detailed report from Vistara.
Campbell Wilson, CEO of Air India, has stated that a merger with Vistara is being considered once Air India has reached the same level or better than Vistara. While they have competition clearance, they still need NCLT clearance for the merger. Air India is currently investing in refreshing its fleet, product, and staff. Wilson believes that Vistara can be a catalyst for Air India s transformation due to its younger age and lack of baggage.
Tata Group and Singapore Airlines have assured in their application to the Competition Commission of India (CCI) that there will be no change in the competitive landscape.