Singapore Airlines plans to acquire a 25.1% stake in Air India through a merger with Vistara, pending regulatory approvals.
Singapore Airlines announced that the proposed merger between Air India and Vistara is in progress, awaiting foreign direct investment and other regulatory approvals. The deal, announced in November, will see Singapore Airlines acquire a 25.1% stake in Air India, bolstering its presence in India and strengthening its multi-hub strategy in the fast-growing aviation market.
February 20, 2024
5 Articles