Air India Express taps NCLT doors for merger plans
Cement

Air India Express taps NCLT doors for merger plans

In a strategic move for the coming year, Tata Group is progressing towards the consolidation of its four airlines. Air India Express has initiated the 'second motion' for a final hearing in the National Company Law Tribunal (NCLT) to merge AIX Connect (formerly known as AirAsia India) into its operations. Anticipating approval by March, this merger will result in the operation of both airlines under a single air operator certificate or license.

The larger-scale merger involving Vistara into Air India is contingent on the latter reaching a specified operational level, as communicated by Air India's Managing Director and CEO, Campbell Wilson, in September to TOI. While the exact timeline for this merger remains undisclosed, insiders suggest it is also slated for realization in 2024.

Air India Express is poised to concentrate on less-saturated markets and tier II & III cities, while Air India, in addition to medium to ultra-long-haul routes, will prioritize routes with a substantial premium traffic share. The former will play a pivotal role in providing crucial connectivity to Air India's hubs in Delhi and Mumbai, catering to the escalating number of wide-body flights spanning the globe.

Aloke Singh, CEO of Air India Express, outlined the expansion plans, saying, "With a current fleet of 62 aircraft (combining both low-cost carriers), we plan to induct 50 new Boeing 737 Max within the next 12 months. After retiring some older planes, Air India Express is expected to operate a fleet of about 98 aircraft by December." Tata Group's colossal order for 470 aircraft last February, which includes 190 B737 Max for its low-cost carrier, underlines its commitment to fortifying its presence in the aviation sector.

Singh emphasised the consolidation strategy, explaining, "While we will introduce new domestic and international routes, our initial focus is on strengthening our existing network. For example, when we initiated flights to Surat, we began from Delhi. Subsequently, we swiftly introduced direct flights connecting Surat to Bengaluru, Kolkata, Sharjah, and Dubai. This approach mirrors our expansion plans for Ayodhya, where we commenced flights from Delhi, followed by direct routes to Bengaluru and Kolkata.?

In a strategic move for the coming year, Tata Group is progressing towards the consolidation of its four airlines. Air India Express has initiated the 'second motion' for a final hearing in the National Company Law Tribunal (NCLT) to merge AIX Connect (formerly known as AirAsia India) into its operations. Anticipating approval by March, this merger will result in the operation of both airlines under a single air operator certificate or license. The larger-scale merger involving Vistara into Air India is contingent on the latter reaching a specified operational level, as communicated by Air India's Managing Director and CEO, Campbell Wilson, in September to TOI. While the exact timeline for this merger remains undisclosed, insiders suggest it is also slated for realization in 2024. Air India Express is poised to concentrate on less-saturated markets and tier II & III cities, while Air India, in addition to medium to ultra-long-haul routes, will prioritize routes with a substantial premium traffic share. The former will play a pivotal role in providing crucial connectivity to Air India's hubs in Delhi and Mumbai, catering to the escalating number of wide-body flights spanning the globe. Aloke Singh, CEO of Air India Express, outlined the expansion plans, saying, With a current fleet of 62 aircraft (combining both low-cost carriers), we plan to induct 50 new Boeing 737 Max within the next 12 months. After retiring some older planes, Air India Express is expected to operate a fleet of about 98 aircraft by December. Tata Group's colossal order for 470 aircraft last February, which includes 190 B737 Max for its low-cost carrier, underlines its commitment to fortifying its presence in the aviation sector. Singh emphasised the consolidation strategy, explaining, While we will introduce new domestic and international routes, our initial focus is on strengthening our existing network. For example, when we initiated flights to Surat, we began from Delhi. Subsequently, we swiftly introduced direct flights connecting Surat to Bengaluru, Kolkata, Sharjah, and Dubai. This approach mirrors our expansion plans for Ayodhya, where we commenced flights from Delhi, followed by direct routes to Bengaluru and Kolkata.?

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement