Aloke Singh appointed head of Air India's low cost airline business

Tags: National Economy/Finance Person in news

Tata Group has appointed Aloke Singh as the chief of its low cost airline business from 1 January 2023. The Low Cost Carrier business will comprise AirAsia India and Air India Express.

Currently the Tata group operates four air lines. They are Air India, Air India Express, AirAsia India and Vistara. Vistara is a joint venture of Tata with Singapore Airlines.

On 29 November 2022, Tata group announced the merger of Vistara with Air India under a deal wherein Singapore Airlines will also acquire a 25.1 per cent stake in Air India. The deal, which will make Air India the country's largest international carrier and second-largest domestic airline, is expected to be completed by March 2024, subject to regulatory approvals.

The Tata group intends to merge budget carrier AirAsia India with Air India Express and the merger is likely to be completed by the end of 2023.

After Merger the company will be called Air India Express.

AirAsia India was launched in 2014 while Air India Express started operations back in 2005.

Low cost airlines or budget airlines or no-frill airlines do not provide traditional services like food, drinks or other premium services and their fares are also usually low. Some of the major low cost airlines operating in India are Go Air, Indigo, Air India Express, and Spice Jet.

Air India Managing Director and Chief Executive Officer: Campbell Wilson