Tata Sons announces merger of Air India and Vistara; Singapore Airlines to own 25.1% in merged entity
The Singaporean carrier would emerge as a 25.1% owner of Air India, as part of a deal that would merge its Vistara joint venture with Tata Sons, into Air India.
As part of the transaction, Singapore Airlines (SIA) will invest $252 mn. into Air India, Singapore Airlines said, with the pair aiming to complete the merger by March 2024.
Tata Group Chairman, N Chandrasekaran.
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Goh Choon Phong, Chief Executive Officer, Singapore Airlines.