Vistara-Air India merger likely by year-end

07 Jun 2024 CW Team

The merger between Vistara and Air India appears to be progressing steadily, with Vinod Kannan, CEO of Vistara, outlining the expected timeline for completion by the end of 2024. Back office employee transfers are anticipated to be completed by the end of June or early July, with operational aspects such as crew and aircraft movements contingent upon regulatory approvals and oversight.

Singapore Airlines' investment in Air India, alongside the merger, signals a significant development in the aviation sector. Post-consolidation, Singapore Airlines will hold a 25.1% shareholding in the enlarged Air India Group. This move aligns with the broader consolidation strategy within the industry, as seen with the inclusion of Air India, Air India Express, AirAsia India, and Vistara under the umbrella of the enlarged Air India Group.

Air India's ongoing transformation plan, named 'Vihaan.AI,' underscores the airline's commitment to enhancing various aspects of its operations over a five-year period. This plan aims to revamp the customer proposition, improve on-time performance, achieve sustained growth, profitability, and ultimately, regain market leadership. Such initiatives are crucial for the long-term sustainability and competitiveness of Air India within the dynamic aviation landscape.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..