The Indian government has approved Singapore Airlines’ proposed foreign direct investment into the enlarged Air India Group, as part of the ongoing merger of Air India and Vistara.
The approval, along with other governmental and regulatory approvals received to-date, marks a significant development towards the completion of the merger.
Singapore Airlines will hold a 25.1 per cent stake in the enlarged Air India Group by end-2024
Singapore Airlines and its partner Tata Sons aim to finalise the merger by the end of 2024. Upon completion, Singapore Airlines will hold a 25.1 per cent stake in the enlarged Air India Group.
The merger will reinforce Singapore Airlines’ multi-hub strategy, and underscore its long-standing commitment to India through a direct stake in the expanding aviation market.
The Indian government has approved Singapore Airlines’ proposed foreign direct investment into the enlarged Air India Group, as part of the ongoing merger of Air India and Vistara.
The approval, along with other governmental and regulatory approvals received to-date, marks a significant development towards the completion of the merger.
Singapore Airlines and its partner Tata Sons aim to finalise the merger by the end of 2024. Upon completion, Singapore Airlines will hold a 25.1 per cent stake in the enlarged Air India Group.
The merger will reinforce Singapore Airlines’ multi-hub strategy, and underscore its long-standing commitment to India through a direct stake in the expanding aviation market.