Air India To Drop Vistara Brand Post Merger

NEW DELHI: Following the merger, Air India, which is owned by the Tata Group, would drop the Vistara name because the Air India is more well-known internationally, according to Chief Executive Campbell Wilson.

Wilson added that the list price of the record-breaking 470 aircraft that were recently ordered from Boeing and Airbus is $70 billion. Air India intends to pay for the purchase through a variety of resources, including internal cash flow, shareholder equity, and the sale and leaseback of aircraft, according to Wilson.

Wilson said in a virtual press conference that the merger of Vistara and Air India is ongoing and currently awaits the Competition Commission of India's (CCI) approval. Air India Express and AIX Connect, formerly known as AirAsia India, are now integrated.

The CEO of Air India added that the company has "enormous" potential and that efforts are being made to turn the organisation into a significant player on the global stage. Air India said on February 14 that it has ordered 470 aircraft, of which 250 are from Airbus and 220 are from Boeing.

Speaking about the "pee-gate" event, the CEO of Air India claimed that the airline had taken note of the occurrence in which an intoxicated passenger urinated on an elderly passenger and had learned from it.

"There were several things we didn't do very well. We have gained knowledge”, the CEO stated. 

The issue involving the New York-Delhi flight that occurred on November 26 was brought up by the CEO of Air India. Shankar Mishra, the accused, allegedly unzipped his pants and peed on a business class passenger who was 70 years old.

"It is a goal to preserve both Air India and Vistara's histories in the new Air India. We are still figuring out how the Vistara conversion will look. In the Indian market, Vistara is undoubtedly well known and respected, but if you look outside of India, it is obvious that Air India is considerably more well known and has been around for 90 years”, according to Campbell Wilson, CEO of Air India, who spoke during a press conference held online on Monday.

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