Tata Group to retain senior management of Air India post merger with Vistara
Tata Group to retain senior management of Air India post merger with Vistara
July 15, 2024
New Delhi: The Tata Group is working quickly to combine its airline businesses, which lost Rs. 15,532 crore in 2023. They are merging Air India and Vistara. Tata Group maintains to continue in Air India’s top management post merger, ensuring all seniors keep their positions.
Campbell Wilson will continue to be the CEO of the company, Nipun Aggarwal will continue to work as the Chief Commercial and Transformation officer and Sanjay Sharma will remain the Chief Financial Officer. However, Vistara’s CEO, Vinod Kannan will return back to managing his main company, Singapore Airlines.
Additionally, Deepak Rajwat, Vistara’s Chief Commercial Officer will now join the new combined company. With respect to the employees and job opportunities, while many Vistara employees will be shifted to the merged company, some of the jobs will be cut because Air India already has employees positioned for those respective roles and responsibilities. Simultaneously, Air India has been recruiting new job seekers from other Tata consultancies and startups to enhance the quality and scope of the airline. A few of the Vistara employees have already been moved to Air India.
Moreover, a team from Air India, Vistara, and the Boston Consulting Group is assigned to handle and manage the staff integration. Legal issues will be addressed by the AZB law firm.
Vistara’s non-flying staff has undergone the Hogan Test, designed by the US-based Hogan firm. This test assesses normal personality traits essential for job suitability, particularly in leadership roles.
On the whole, Air India Express and AirAsia India have also shaken hands and merged. The full integration of Air India and Vistara will be finalized by the end of the year. However, Vistara’s brand will remain unchanged until 2025, reported the Air India’s CEO.
The fact that Singapore Airlines will own 25.1% of the combined Tata Airlines, this merger is significant for Singapore Airlines too. Altogether, Tata Airlines is becoming a promising company and boosting its presence in the world’s third-largest aviation market.
