Tata to bolster Air India with Vistara merger, Legal News, ET LegalWorld – Legal Firms

Indian conglomerate Tata Group is merging Air India with Vistara, its joint venture with Singapore Airlines (SIA), to create a bigger full-service carrier that will strengthen its presence in domestic and international skies.Autos-to-steel conglomerate Tata will hold 74.9% of the combined entity, while SIA will own the remaining 25.1%, the...

Tatas could own about 75%, SIA 25% in AI-Vistara, Legal News, ET LegalWorld – Legal Firms

Representative image (iStock)The Tata Group and Singapore Airlines (SIA) are learnt to have finalised the proposed merger of Air India and Vistara. While Tatas will have about 75 per cent stake in the merged entity, the remaining will be with SIA, say people in the know. In Vistara, Tatas and...

Delhi HC dismisses petitions moved against Air India Limited noting its privatization, Legal News, ET LegalWorld – Legal Firms

New Delhi [India], November 1 (ANI): The Delhi High Court on Monday dismissed the petitions moved by former commanders and co-pilots of Air India against their termination from services on account of Covid-19 pandemic.Justice Yashwant Varma dismissed the pleas noting that after its disinvestment, Air India Limited (AIL) is no...