Singapore Airlines (SIA) and Tata Sons (Tata) have agreed to merge Air India and Vistara, with SIA also investing INR 20,585 million (SD360 million, USD250 million) in Air India as part of the transaction. This would give SIA a 25.1% stake in an enlarged Air India group with a significant presence in all key market…
SIA confirms merger talks of Vistara-Air India with Tatas
Singapore Airlines (SIA) said that it is exploring a potential merger of Vistara with Tata Group’s Air India. Tata Group has a 51 per cent stake in Vistara, while SIA holds the balance 49 per cent, as per a news report in the Financial Express. This is the first time that SIA has officially acknowledged…