Air India To Let Go of Vistara brand after Merger, List Price Of 470 Aircraft is $70 Billion: CEO Campbell Wilson

Air India CEO Campbell Wilson said Monday that the 470 planes recently ordered from Boeing and Airbus are worth $70 billion. He also said that Air India will let go of the Vistara brand after the merger, as the Air India brand is more popular globally.

Addressing a virtual press conference on Monday, Wilson said Air India has huge potential and efforts are on to make the group a significant international player.

Earlier this month, Air India announced a mega order to buy 470 aircraft from Boeing and Airbus to support its growth plans. It has already announced plans to lease 36 aircraft of which two B777-200LRs have already joined the fleet.

On the Air India-Vistara merger, Wilson said that the integration of Vistara with Air India is under process and is now awaiting approval from the Competition Commission of India (CCI).

Integration of Air India Express and AIX Connect, formerly known as AirAsia India, is also underway.

On massive recruitment, Wilson said Air India has recruited 1,200 ground staff, 300 airport and 200 cabin crew. Last week, Tata Group-owned Air India also said it plans to hire over 4,200 cabin crew trainees and 900 pilots in 2023 as the airline adds new aircraft and rapidly expands its domestic and international operations. Does

Between May 2022 and February 2023, Air India to hire over 1,900 cabin crew. Over 1,100 cabin crew have been trained in the last seven months (between July 2022-January 2023), and around 500 cabin crew have been released to fly by the airline in the last three months.

Air India CEO said that the airline has immense potential and unprecedented opportunities. The group is working on becoming a significant international player.

Wilson said the funding would be through a combination of different sources.

Tata group had acquired Air India in January last year.

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