Vistara promoters in talks to leverage Tatas' Airlines: CEO Vinod Kannan

Vistara promoters in talks to leverage Tatas' Airlines: CEO Vinod Kannan
By , ET Bureau
Rate Story
Share
Font Size
Save
Comment
Synopsis

Kannan was replying to a question on whether the airline would lose the Tata Group as its client since it is not part of the super app, which has the group's all consumer-facing companies on it. AirAsia India and Air India are also on the super app.

Agencies
Vinod Kannan
The promoters of Vistara - the Tata Group and Singapore Airlines - are in discussions to leverage on one another, with the Indian conglomerate's ownership spreading across three airlines after the acquisition of Air India, Vistara chief executive Vinod Kannan said.

"So, those are discussions that are taking place. Whether we will be part of the (Tata) super app? In what form? I think there are various considerations for us as compared to maybe an AirAsia India or an Air India. And these are discussions already in progress at this time," Kannan told ET in an interview.

"I can't comment on it (outcome of the discussions), because there's nothing to report at this point in time. But definitely, it's something as part of the Tata Group that we will leverage on one way or the other," he added. Kannan said he did not have a firm answer to "what is going to be the final home for Vistara".

Kannan was replying to a question on whether the airline would lose the Tata Group as its client since it is not part of the super app, which has the group's all consumer-facing companies on it. AirAsia India and Air India are also on the super app. Vistara is a 51:49 joint venture between the Tatas and Singapore Airlines and runs as a full-service airline that operates domestic and international flights, including to Europe. It also has plans to launch flights to the US soon. The airline operates to 30 cities domestically and 11 internationally.

Read More News on

(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more

ETPrime stories of the day

11 mins read
20 mins read
7 mins read