India approves Singapore Airlines' FDI into Air India, enabling a merger with Vistara.

India has approved Singapore Airlines' (SIA) foreign direct investment (FDI) into Air India, paving the way for the merger of SIA's 49%-associated company, Vistara, and Air India. SIA will own 25.1% of the merged Air India by investing Rs 2,059 crore. The Indian government's approval is a significant step towards completing the merger, which will strengthen SIA's multi-hub strategy and solidify its commitment to the Indian aviation market. The merger aims to create a significant presence in all key Indian airline market segments, including full-service, low-cost, international, and domestic operations.

August 30, 2024
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