The consolidation process is likely to start with the merger of AirAsia India into Air India Express, to be completed over the next 12 months. Post this, the group is likely to look at an option of merging its full-service carrier Vistara into Air India, with the likelihood of Singapore Airlines (SIA) — an equity partner in Vistara — eventually partnering with the Tata Group to become part-owners of Air India as well.
As part of the plan, being discussed at multiple levels within the group, the consolidation process is likely to start with the merger of AirAsia India into Air India Express, to be completed over the next 12 months.
indianexpress.com