AI Express-AirAsia India Merger Will Present Big Opportunities: CEO Singh
The integration of Air India Express and AirAsia India is expected to be complete by the end of next financial year and the merged entity will have "enormous growth opportunities" in the coming years, according to a top executive.
Air India, Air India Express, Vistara and AirAsia India, now rebranded as AIX Connect are part of the Tata Group.
The merger process of Air India Express and AirAsia India as well as that of Vistara with Air India is underway.
Air India Express CEO Aloke Singh on Monday said the businesses of the airline and AIX Connect are complementary.
The merged entity of Air India Express and AirAsia India will look at large growth opportunities and also unlock the synergies between the two carriers, Singh said.
Speaking at the CAPA aviation summit here, he also said the merger of the two carriers is expected to be complete by the end of next fiscal.
Singh is now in charge of both Air India Express and AirAsia India.
Meanwhile, during another session, Vistara CEO Vinod Kannan said he would expect to see the airline's processes and the focus on customer service, among other aspects in the merged entity.
The process of merging Vistara, a full-service carrier, along with Air India has been initiated.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Revoluts Australian Banking Licence Game Changer
Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more
The AI Bank Is Coming, But Who Controls The Risk?
Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more
ClearBank UK Profit Leads To European Growth
ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more
Bank Of London Continues To Rebuild
ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more
JPMorgan's Berlin Moment: Chase Takes On Europe
There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more
What Strategy's Bitcoin Sale Really Tells Us
There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more