Vistara shall be merged with Air India post receipt of requisite approvals. As part of the merger transaction, SIA shall also invest Rs 2,059 crore in Air India. Post the consolidation, SIA shall hold 25.1 per cent shareholding in Air India.
The airline's aggressive expansion plan, which has already seen 17 long-grounded aircraft return to the skies with 12 more to follow, and the lease-in of 30 narrow- and wide-body aircraft over the next 12 months, also necessitates a significant expansion in flying crew.
As per the aviation regulator's data for September, Indigo carried 59.72 lakh air passengers during the month while Vistara carried 9.96 lakh air passengers.
Air India's wide-body fleet currently stands at 43 aircraft, of which 33 are operational.
According to AI's new policy, a panel comprising functional representatives of HR and operations & flight safety will be constituted to examine the eligibility of pilots retiring in the next two years.
According to the regulator, Air India may not have a policy in this regard and does not pay compensation to the passengers.
Last year, Tata Group bought the debt-ridden Air India from the Central government by placing a bid of over Rs 18,000 crore at an auction. On January 27, 2022, it took over the full control of Air India.
Shruti Nayak, a third year MBBS student at Ivano National Medical University, reached her home in Guna after being evacuated by an Air India flight.
An airline source told PTI that the cost of operating a chartered flight with the Dreamliner is around Rs 7 to 8 lakh per hour and the total amount will depend "on where we are going and how far we are going".
Another special Air India flight, which flew from Hungary with 240 students, who were stranded in Ukraine, has reached the Indira Gandhi International Airport in Delhi.
Indian nationals who reached the Ukraine-Romania border and Ukraine-Hungary border by road were taken to Bucharest and Budapest, respectively, by Indian government officials so that they could be evacuated.
The first evacuation flight AI1944 departed from Bucharest at 1.55 PM (Indian Standard Time) and is expected to land at the Mumbai airport at around 9 PM, they said.
Air India will operate more flights on Saturday to Bucharest and Hungarian capital Budapest to evacuate Indians stranded in Ukraine. The Ukrainian airspace has been closed for civil aircraft operations since the morning of February 24 and therefore, the evacuation flights are operating out of Bucharest and Budapest.
The distance from the Ukraine-Romania border to Bucharest is approximately 500 kilometres and it takes anywhere between seven to nine hours to cover the distance by road.
The development assumes significance as Russian President Vladimir Putin ordered the deployment of troops into two separatist areas within Ukraine, after recognising their independence, a move that some fear puts Kyiv and Moscow one step closer to a military conflict.