Singapore Airlines (SIA) the flag carrier airline of Singapore is open to integrating Air India’s flight network with that of Vistara if the national carrier is acquired by the Tata Group.
However, the airline confirms that it will not be joining its joint venture partner Tata Group’s bid for Air India.
“Vistara and AI will be two carriers that will work with each other in terms of integrating their flight network both internationally and in the domestic sector. SIA, however, will not be part of the AI bid,” The Economic Times has reported.
Last week Civil Aviation Minister Jyotiraditya Scindia said that the deadline for submission of financial bids will be September 15, indicating that there will be no extension for submitting the bids.
“We do not comment on any confidential discussions that we may or may not be having with our partners,” SIA told ET.
The Tata Group and SIA have a 51:49 joint venture called Vistara. In addition, the salt-to-steel company holds a controlling share in AirAsia India, a joint venture with Malaysia’s AirAsia Bhd.
If the Tata Group’s bid for Air India turns out fortunate, then AirAsia India and Air India Express may be combined, according to the report.
“AirAsia India will soon become a Tata Group company and that has been agreed upon by the promoters. Also, AirAsia India will not operate in its current form if the Tata Group gets Air India,” another source told the publication.
(With Inputs From Economic Times)