Air India, Vistara Merger: What Happens To Vistara Employees In Future?
December 1, 2022: Vinod Kanan’s mail talked about the fate of Vistara employees. “All of us have worked hard and tirelessly to build and establish Vistara as the airline of choice in India.
” Efforts made by employees to do so have not gone unnoticed – by management, the board, and our shareholders, he added.
Soon after Tata Sons and Singapore Airlines (SIA) announced their decision to merge Vistara with Air India on Tuesday, CEO Vinod Kannan assured employees that they had nothing to worry about.
“There will definitely be multiple opportunities,” Kannan told Vistara’s more than 4,700 employees who were left reeling after the merger announcement.
Vistara’s chief executive on Tuesday sought to allay staff concerns about their future after its proposed merger with Air India.
In an email to employees, Kannan asked them not to worry and speculate about their future. He assured them that their efforts to build Vistara “have not gone unnoticed”.
“We are on this journey together and will be stronger at the end of it,” the aviation veteran told Vistara staff. Kannan is also set to hold a town hall with employees next week.
“All of us have worked hard and tirelessly to build and establish Vistara as the award-winning airline of choice in India in a short period of time.
This has had important consequences that we are all familiar with — operationally, financially and on the people’s front.
By our shareholders–this has not gone unnoticed,” Kannan was observed by the Economic Times. The CEO further added that there will definitely be many opportunities for growth, advancement, and advancement.
“We remain an integral part of our shareholders’ aviation footprint and this does not change–regardless of our AOC (Air Operator Certificate),” Kannan wrote.
Talking about the future of Vistara, Kannan explained that they are committed to growth, fleet, and expansion plans that will see us grow from the current 54-aircraft fleet to 70 by the end of 2023.
This will continue and we will gradually introduce new routes, new destinations, and new places. New frequencies, he noted.
Kannan’s mail also talked about the future of Vistara employees saying, “All of us have worked hard and tirelessly to build and establish Vistara as the airline of choice in India in a short period of time.
This has yielded noteworthy results as we all know. Off – operational, On the financial and people’s front.” Efforts made by employees in doing so have not gone unnoticed by management, the board, and our shareholders.
Besides the fact that the combined entity will also benefit greatly from the experience, expertise, and enterprise of each of Vistara’s staff members, Kannan added that the shareholders are counting on it. Tata Sons and Singapore Airlines (SIA) on Tuesday announced the merger of Air India and Vistara.
SIA Rs. 2,058.50 crores with an equity infusion of 25.1 percent stake in the combined entity and the Vistara brand will be divested. Kannan, a Singapore Airlines nominee, has been Vistara’s CEO since January 2022.
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