Singapore Airlines (SIA) has committed to an additional investment of Rs 3,194.5 crore in Tata Group-owned Air India after the merger with Vistara is finalized. The merger, initially announced on November 29, 2022, is expected to be concluded on November 11, 2024. Once completed, Singapore Airlines will hold a 25.1% stake in the newly consolidated entity, Air India.
Vistara, which has been a joint venture between the Tata Group and Singapore Airlines, currently sees SIA holding a 49% share. With this upcoming merger, the two companies aim to combine their strengths to create a larger, more competitive airline under the Air India brand. The strategic decision to further invest underscores Singapore Airlines’ commitment to its long-term partnership with Tata Group and its ambition to solidify its position in the rapidly growing Indian aviation sector.
This move will not only provide Air India with enhanced resources for growth and expansion but also enable Singapore Airlines to tap into the expanding Indian market, which is crucial for global airlines. The investment and merger are poised to bring about significant changes in the landscape of Indian aviation, with Air India emerging as a stronger contender in both domestic and international markets.
 has committed to an additional investment of Rs 3,194.5 crore in Tata Group-owned Air India after the merger...){kind=link}