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Home » Air India, Vistara merge
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Air India, Vistara merge

News DeskBy News Desk2 December 2022No Comments1 Min Read
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Air India and Vistara to merge

The deal would give Singapore Airlines (SIA) a 25.1 per cent stake in the Air India group

It will also widen the airline’s market presence

SIA would invest Rs 2,059 crore in Air India as part of it

If needed, SIA and Tata will participate in additional capital injections later

The merger is expected to complete by March 2024 

Vistara is a 51:49 joint venture between Tata Sons and SIA

It is India’s leading full-service carrier with operations in the Middle East, Asia, and Europe

The merger will give Air India a combined fleet of 218 aircraft

Air India will become India’s largest international carrier and the second-largest domestic carrier

air india Air India Express air india flights air india news Air indiaTata airlines banner business business group business news
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