Singapore Airlines Group on Wednesday said the proposed Air India and Vistara merger, which is awaiting foreign direct investment and other approvals, will strengthen its multi-hub strategy as well as allow it to continue directly participating in the fast-growing Indian aviation market.
Once completed, it will give SIA a 25.1 per cent stake in an enlarged Air India Group with a significant presence in all key Indian airline market segments, including domestic, international, full-service, and low-cost.
“This will strengthen SIA’s multi-hub strategy, and allow the group to continue participating directly in this large and fast-growing aviation market,” the airline said after reporting their FY 24 results.
The SIA group posted a 24 per cent rise in net profit at 2,675 million Singapore dollars for FY 2023-24, helped by robust air travel demand.
Vistara and Air India have started the integration of their frequent flyer programs — Club Vistara and Flying Returns — as both airlines are moving towards their merger scheduled for December of this year.
“As we work towards a merged, larger airline, Club Vistara will also merge with Air India’s Flying Returns. The Club Vistara program will continue to exist until the integration is complete,” Vistara said on Wednesday in a message sent to Club Vistara members.
Vistara and Air India have also initiated the integration of their frequent flyer programs — Club Vistara and Flying Returns — as both airlines are moving towards their merger scheduled for December of this year.
“As we work towards a merged, larger airline, Club Vistara will also merge with Air India’s Flying Returns. The Club Vistara program will continue to exist until the integration is complete,” Vistara said on Wednesday in a message sent to Club Vistara members.
On the day of migration, the CV Points balance and the Tier Points available in the member’s account will be transferred to the Flying Returns program at a 1:1 ratio, it mentioned. The points will remain valid for at least one year from the date of migration, even if they are due to expire sooner.
