TBM Staff - Mumbai Singapore Airlines Ltd (SIA) today said it would emerge as a 25.1% owner of Air India, as part of a deal that would merge its Vistara full-service airline joint venture with Tata Sons, into India’s national carrier.
SIA will invest USD 250 million into Air India as part of the transaction, the Singaporean carrier said in a statement, with the pair aiming to complete the merger by March 2024 subject to regulatory approvals, reports Reuters.
