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

By TBM Staff - Mumbai Tuesday, 29 November 2022, 5:45 PM 580

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 […]Continue Reading

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Tata Sons plans to raise USD 4bn for Air India: Report

By TBM Staff - Mumbai Wednesday, 7 September 2022, 2:00 PM 497

Tata Sons Ltd, the holding company of the Tata group, plans to raise USD 4 billion to infuse fresh capital into Air India and refinance costly debt, according to a report by Mint, citing two people directly aware of the matter. Tata plans to raise funds through a mix of equity and hybrid debt to […]Continue Reading

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Tata Sons may have to write off AirAsia India’s debt: Report

By TBM Staff - Mumbai Thursday, 25 August 2022, 12:30 PM 610

Tata Sons will likely have to make a provision of INR 26 billion (USD 325.69 million) as accumulated losses for low-cost carrier AirAsia India, which it’s seeking to absorb into unit Air India and merge with Air India Express, the Economic Times reported on Wednesday. Earlier this year, Tata Group-owned Air India proposed to buy […]Continue Reading

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Singapore Airlines keen on overseas hub; terms India as key growth area

By TBM Staff - Mumbai Thursday, 2 June 2022, 12:00 PM 1162

Singapore Airlines Ltd. is committing to a strategy of working with international partners and establishing overseas hubs after the pandemic exposed the financial dangers of not having a domestic air travel market, reports Bloomberg. The airline is open to opportunities and will evaluate potential synergies, CEO Goh Choon Phong said in an interview with Bloomberg […]Continue Reading

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Air India’s handover to Tatas today

By TBM Staff - Mumbai Thursday, 27 January 2022, 1:06 PM 924

Air India will get a new Board on Thursday as the airline sees a change of guard. The government of India will formally transfer the reins of the airline to Tata Sons, which won the bid for the airline as part of a privatisation process. “Air India will hold its final Board meeting today. The […]Continue Reading

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Tata Sons wins Air India Bid for INR 18,000 crore

By TBM Staff - Mumbai Friday, 8 October 2021, 7:55 PM 1391

Tata Sons has won the bid to acquire national carrier Air India today. The salt-to-software conglomerate placed a winning bid of INR 18,000 crore re-acquire the airline more than half a century after it ceded control to the government. Apart from 100 per cent stake in Air India and its low-cost arm, Air India Express, […]Continue Reading

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

Tata Sons plans to raise USD 4bn for Air India: Report

Tata Sons may have to write off AirAsia India’s debt: Report

Singapore Airlines keen on overseas hub; terms India as key growth area

Air India’s handover to Tatas today

Tata Sons wins Air India Bid for INR 18,000 crore

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