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Wednesday, June 29, 2022
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Tata Group to move all their aviation entities under one umbrella

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Since the Tata group has newly acquired the Air India Airlines, a new email has reached to the CEO’s of Vistara, Air Asia, Air India Express, Air India SATS to move all the entities under one roof in Gurugram.

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Tata Group Phase wise plan

According to a leading news agency, India Today who has gained accessed emails from the CEO stated that tata group “new office space on NH8 has already been identified where the option to lease 700,00 sq ft exists immediately.” The aim of this move is to bring all the Tata aviation assests under one umbrella in a phased manner. The idea is to “optimize resources, increase team work and have higher synergies at work.”

This strategy plan will be executed by Dr. Harpreet singh who is the executive director of Air India. She will be further assisted by members from the Tata Realty.

As per reports from tata group, “while Air India Express and AI SATS were part of the bouquet that Tata Sons bought over from the government of India earlier this year, Vistara is a joint venture it has with Singapore airlines limited where Tata’s own 51 % and SIA hold 49 % stake. As or Air Asia, Tata sons is a majority stakeholder with 83.67 % stake while Air Asia investment Limited holds 16.33% stake.

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