By Netpal Travel Bureau
Is the Tata Group moving forward on possible plans of synergy among its aviation assets? Well, it’s been the catchword since the group acquired former national carrier, Air India in January 2022.
According to an internal email marked to The CEOs of Vistara, Air Asia, Air India Express, Air India SATS and the department heads of Air India, plans are occurring to move all individuals together into a complex in Gurugram in a phased manner.
Now an email that has gone out to the top bosses of the company’s aviation assets, may have confirmed the same.
As per the email, a new office space on NH8 has already been identified, where the option to lease 700,000 sq ft exists immediately. The target, it appears, is to move all the Tata Group aviation assets into a new space within the next two-three months.
The email states the idea behind this plan is to “optimise resources, increase team work, and have higher synergies at work.”
Dr Harpreet A De Singh, Executive Director of Air India has been assigned with the responsibility of coming up with a strategic plan. She is expected to be assisted by consultants from Ernst & Young and a team of professionals from Tata Realty.
This new plan could involve challenges like existing leases that companies may have.
While Air India, Air India Express and AI SATS (Centre’s 50percent stake in the joint venture with Singapore Airport Terminal Services) 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 (SIA), where Tata’s own 51percent and SIA hold 49percent stakes. As for Air Asia, Tata Sons is a majority stakeholder with 83.67percent stake while Air Asia Investment Limited (Malaysia) holds 16.33percent stake.