Vistara brand may merge with Air India

The Tata Group is looking to merge its four airline brands under Air India and scrap the Vistara brand. The group is undertaking this exercise as part of its efforts to revive the faltering aviation empire. Sources closely related to the development gave this information.
Vistara Airlines is a joint venture between the Tata Group and Singapore Airlines (SIA). The company is evaluating stake size in the joint entity. Singapore Airlines said in a statement that talks are ongoing between SIA and the Tata Group. SIA and Tata are looking to deepen the existing partnership. This integration of Vistara and Air India can also be done.
Tata Group, the new owner of Air India, is preparing to revive this company. In this episode, the full-service carrier is looking to place orders for more than 300 narrow-body jets. This transaction will be one of the largest orders ever in commercial aviation history. Boeing and Airbus are already in the process of taking a major part of this order.
Air India is in talks to raise at least $100 million (about Rs 8,170 crore) in a funding round. In this funding round, the value of the airline can be estimated at $ 500 million (about Rs 40,850 crore). The airline plans to induct 25 Airbus SEs and five Boeing aircraft from leased companies in December.