Air India And Vistara To Merger To Form Mega Carrier

Air India and Vistara are to merge after Singapore Airlines (SIA) and Tata Sons (Tata) agreed to a deal, with SIA also investing INR 20,585 million (S$360 million, US$250 million) in Air India as part of the transaction.

This would give SIA a 25.1 per cent stake in an enlarged Air India group with a significant presence in all key market segments. SIA and Tata aim to complete the merger by March 2024, subject to regulatory approvals.

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Source:: AirlineRatings.Com

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