India's oldest and largest conglomerate, Tata Sons, will merge its Air India with Vistara, which it jointly runs with Singapore Airlines, in a major step toward revamping the country’s debt-laden national carrier.
The merger will strengthen Singapore Airlines' foothold in India's fast-growing aviation market, the company said in a statement. It is also expected to bolster the Tata Group's competitive position in the market against the country's dominant carrier, IndiGo.
