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The Times of India

Business

Saurabh Sinha | TNN

Tatas & Singapore Airlines agree to merge Vistara into Air India by March 2024; 25.1% stake for SIA in 'new AI'

AI Air India Vistara Sia TATA Singapore Airlines Tatas India Singapore Tata Sons

NEW DELHI: Tata Sons and Singapore Airlines (SIA) on Tuesday announced that they will merge Vistara into Air India, with a target to complete the process by March 2024 subject to regulatory approvals.

Once that happens, Tata Sons will hold 74.9% stake in the AI-Vistara-AI Express-AirAsia India Pvt Ltd (AAIPL) combined entity and SIA the remaining 25.1% stake.

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