Aviation Top Stories

Singapore Airlines to secure stake in Air India as part of deal with Tata Sons

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.

 

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