NCLT Approves Air India-Vistara Merger

11 Jun 2024 CW Team

The National Company Law Tribunal (NCLT) has approved the merger of Tata Sons-owned Air India and Vistara airlines, a significant step towards creating one of the world?s largest airline groups. This decision, announced on June 6, 2024, enables the airlines to begin integrating their staff, resources, and fleets, with an aim to complete the merger by the end of 2024.

First announced in November 2022, the merger will absorb Vistara, which is 49% owned by Singapore Airlines (SIA). Post-merger, SIA will hold a 25.1% stake in the combined entity. The consolidation aims to make Air India the largest international carrier and the second-largest domestic carrier in India. The merged airline will operate a combined fleet of 218 aircraft.

The merger has received all necessary approvals, including from the Competition Commission of India and the Directorate General of Civil Aviation. Additionally, the NCLT?s order mandates that all formalities, including Foreign Direct Investment approvals and security clearances, be completed within nine months.

Campbell Wilson, CEO of Air India, highlighted that this merger is part of a broader transformation strategy at Air India, which includes the retrofitting of over 100 planes and the order of 470 new jets from Airbus and Boeing. The airline is also focused on enhancing customer experience through fleet optimization and potential new partnerships.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..