merge

She may ask them to pool their assets and resources, or she may ask them to merge with one another to create a smaller number of larger funds, which would benefit from greater financial firepower and fewer costs.

Her comments come as the government reveals plans to merge the UK's local government pension scheme, a group of funds which together manage £354bn in investments, into a handful of "pension megafunds".

“Getting done with the merger means that Air India grows overnight, and the two teams start cooperating instead of competing. There will never be one right day to merge. Somewhere, a line had to be drawn,” said Mr Awtaney.

A joint venture between Singapore Airlines and the Tata Sons, Vistara will merge with Tata-owned Air India to form a single entity with an expanded network and broader fleet.

“At this point, I hope to merge the two,” she said of her commercial and experimental sides.