On the basis of its operational and financial performance, Vistara, the joint venture airline between Tata Sons and Singapore Airlines, is providing its worforce a special bonus. This one-time payment is being made to appreciate the employees’ hard work in making the airline what it is today, as stated by Vinod Kannan, CEO, Vistara, in an official mail to the staff.
With 69 aircraft in its fleet, and the 70th soon to be added, the airline, which is to be merged with Air India, has flown 50 million passengers last year, and also won a Skytrax award.
The merger of Vistara and Air Indi was announced in November 2022.. The employees of Vistara are already being integrated into Air India. It is hoped that the merged entity —which will be called Air India — will have an edge over competition and also provide improved services. In July 2023, Kannan had reportedly revealed to the media that relevant clearances from regulatory authorities would be processed by April 2024; that Singapore Airlines would have 25.1 per cent stake in the merged airline.
A team was constituted at Vistara to look into the final structure of the merged entity. Of course, the Vistara brand will cease to exist.
Meanwhile, in addition to the merger, Air India is also focused on improving its services through its transformational plan called Vihaan.AI, which spans about five years.
