November 29, 2023
Home Posts tagged Tata Sons
Aviation Top Stories

SIA to complete merger of Vistara-AI at the earliest

By 930
Singapore Airlines has said it aims to complete the merger of Vistara with Air India “as soon as possible” subject to remaining approvals from relevant authorities. Once the proposed merger, which was approved by the Competition Commission of India (CCI) on September 1, is complete, Singapore Airlines will have a 25.1 per cent stake in […]Continue Reading
Aviation Top Stories

Creditors to vote on merger proposal of Air India, Vistara tomorrow

By 937
Tata-owned Air India and Vistara have asked for permission from their creditors to merge the two airlines. On Thursday, The Economic Times (ET) reported that creditors will vote on the proposal on September 23. Sources told ET that after getting approval from creditors, Air India and Vistara will move for permission from the Registrar of […]Continue Reading
Aviation Top Stories

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

By 949
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
Aviation Top Stories

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

By 833
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
Aviation Top Stories

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

By 1465
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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