INSUBCONTINENT EXCLUSIVE:
The Tata Group aims to quickly consolidate its airline business, which incurred a loss of Rs 15,532 crore in the financial year 20233 min
its merger with Vistara, according to a report by The Economic Times.
The report quoted sources as saying that all senior executives at
Air India are expected to retain their positions post-merger.
Campbell Wilson will continue as the chief executive officer, with Nipun
Aggarwal and Sanjay Sharma remaining as the chief commercial and transformation officer, and chief financial officer, respectively, the
report said.
Meanwhile, Vistara CEO Vinod Kannan is expected to return to Singapore Airlines (SIA), his parent company
Kannan had been on secondment to Vistara since 2019, serving as the chief strategy officer for the Tata Sons-SIA joint venture
Under the joint venture agreement, SIA had the right to appoint the CEO at Vistara, while the Tata Group selected its finance
employees will transition to the merged company, some positions may be eliminated due to redundancies, as Air India has already staffed
those roles.
Air India has been actively recruiting, drawing talent from other Tata Group companies and startups to overhaul the airline
This effort comes after Air India, previously under government control, accumulated losses exceeding Rs 15,000 crore before being acquired
executives from Air India, Vistara, and the Boston Consulting Group is collaborating on human resources integration
Legal and regulatory compliance matters are being handled by the law firm AZB Partners, the report said.
During the human integration
This test assesses normal personality traits essential for job suitability, particularly in leadership roles.
The Tata Group aims to
quickly consolidate its airline business, which incurred a loss of Rs 15,532 crore in the financial year 2023, to leverage synergies,
enhance efficiencies, and minimise redundancies.
Air India Express and AirAsia India have merged to form a budget airline as part of the
The unified entity of Air India and Vistara will compete in the full-service segment.
The conglomerate is striving to complete the Air
India-Vistara integration by the end of this year
2025.
The report stated that this merger is also significant for Singapore Airlines, as its 25.1 per cent stake in the combined Tata
