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.)
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
Coutts Sets Scope On New Continent
Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more
From Cypherpunk To Citadel
How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more
ACB Securities: Building Scale, Trust & Innovation
ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more
War Risk Returns To Markets As VIX Surges
For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more