Vistara set to merge with Air India as Singapore Airlines gets FDI nod
Friday, 30 August 2024 () Singapore Airlines has obtained the Indian government's approval for the merger between Vistara and Air India. SIA will invest Rs 2,059 crore to secure a 25.1% stake in the merged entity, with Tata Group holding the remaining 74.9%. The merger is expected to be completed by the end of 2024, creating a significant airline group.
Rising tensions between Israel and Iran, following the assassination of Hamas leader Ismail Haniyeh in Tehran, have led to widespread flight cancellations to Tel Aviv. Air India, along with major..
The Cabinet was expected to give final approval for Vistara's merger into Air India, clearing the FDI by Singapore Airlines into AI. Following this, SIA will... IndiaTimes
Vistara will merge into Air India on November 12, 2024, as Tata Group moves closer to its vision of a world-class airline with Singapore Airlines. Bookings with... IndiaTimes
Friday, 30 August 2024 ()
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