Running an airline in a joint venture (JV) is always a bit more challenging, especially when it comes to issues related to capital contribution by each of the partners, Air India Managing Director and Chief Executive Officer Campbell Wilson said on Tuesday.
Vistara, which is a 51:49 JV between Tata Sons and Singapore Airlines (SIA), has been making losses since its launch in 2015.
SIA last week informed the Singapore stock exchange that it was engaged in confidential talks with Tata Sons for merging Vistara with Air India, in a first acknowledgement of a possible integration of the two airlines.
During an interaction