“We have all put in a lot of effort and a lot of time to construct and firmly establish Vistara as India’s premier airline. We are all aware that this has had a huge impact on operations, finances, and personnel. These facts have been noted by our shareholders, “Vinod Kannan, CEO of Vistara, said.
CEO Vinod Kannan told staff that there was no need for anxiety after Tata Sons and Singapore Airlines (SIA) announced their decision to integrate Vistara and Air India on Tuesday. After the announcement, 4,700 Vistara employees were confused, but Kannan reassured them, saying, “There will absolutely be numerous opportunities.”
The CEO of Vistara made an effort to allay the worries of staff members about their futures following the company’s proposed merger with Air India. In an email, Kannan urged the staff not to fret or make predictions about the future. He assured them that their efforts had “not gone unappreciated” in the construction of Vistara.
Kannan assured Vistara staff that they will come out stronger at the conclusion of their adventure together. In addition, he has scheduled a town hall meeting with workers for the following week.
“We have all put in a lot of effort and a lot of time to construct and firmly establish Vistara as the prestigious airline of choice in India. We are all aware that this has had a huge impact on operations, finances, and personnel. These facts have been noted by our shareholders, “According to reports, Kannan remarked.
The CEO went on to say that there will undoubtedly be several prospects for improvement, elevation, and progression. “We remain a vital component of our shareholders’ aviation footprint, regardless of the AOC (air operator certificate) we adhere to,” Kannan said.
Kannan addressed Vistara’s future and said the firm is still committed to the fleet, growth, and development plans that will increase its fleet size from 54 to 70 aircraft by the end of 2023. He assured us that this would go on and that new routes, locations, and frequency would be gradually added.
The email goes on to discuss the fate of Vistara personnel and states: “In a relatively short amount of time, we have all worked really hard and nonstop to grow and establish Vistara as the preferred airline in India. We are all aware that this has had a huge impact on operations, budgets, and personnel.”
Management, the board, and our shareholders have taken note of the employees’ efforts in this area. The experience, knowledge, and entrepreneurship of each Vistara employee would be a fantastic asset to the combined company, noted Kannan, and that is what the shareholders are banking on.
The merger of Air India and Vistara was announced on Tuesday by Tata Sons and Singapore Airlines (SIA). The Vistara brand would be phased away, and SIA will own 25.1% of the combined company after investing Rs 2,058.50 crore in equity. Since January 2022, Kannan, a candidate for Singapore Airlines, has led Vistara as CEO.