Key Points
Singapore Airlines (SIA) will make an additional investment of Rs 3,194.5 crore in Tata Group-owned Air India following the merger of Vistara in November 2024..
The merger, which was announced on November 29, 2022, and is expected to be finalised by November 11, 2024, will give Singapore Airlines a 25.1 percent stake in the expanded Air India...
Vistara, the full-service carrier that began operations in January 2015, is a joint venture between Tata Group and Singapore Airlines, with SIA holding a 49 percent stake..
The merger also includes an agreement for SIA to contribute any funding provided by Tata Group to Air India before the merger is completed, along with associated funding costs up to Rs 5,020 crore, to maintain its 25.1 percentstake...
As part of the merger, Air India and Singapore Airlines recently agreed to expand their codeshare agreement, adding 11 Indian cities and 40 international destinations to their network...
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Singapore Airlines to invest additional Rs 3,195 cr in Air India post-Vistara merger
10, Nov, 24Singapore Airlines (SIA) will invest an additional Rs 3,194.5 crore in Tata Group-owned Air India following the merger of Vistara, which is set to be completed by November 11, 2024. SIA will hold a 25.1% stake in the enlarged Air India. The investment includes SIAs 49% stake in Vistara and Rs 2,058.5 crore in cash.
Air India-Vistara merger in progress; awaiting regulatory approvals: Singapore Airlines
20, Feb, 24The merger of Vistara with Air India under a deal, wherein Singapore Airlines will acquire a 25.1 per cent stake in Air India, was announced in November 2022. While announcing its December quarter results, Singapore Airlines said the merger will bolster its presence in India, strengthen its multi-hub strategy, and allow it to continue participating directly in this large and fast-growing aviation market.
Air India-Vistara merger flies into CCI turbulence
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Antitrust regulator CCI clears merger of Air India and Vistara
02, Sep, 23The Competition Commission of India has approved the merger of Air India and Vistara, bringing Tata group's airline business one step closer to consolidation. Tata Sons and Singapore Airlines will merge Air India and Vistara to create India's second-largest carrier. Singapore Airlines will hold a 25.1% stake in the entity, with Tata holding the rest. The merger was subject to the parties' compliance with voluntary commitments. The regulator has also advised maintaining current capacity on certain routes, particularly those to Europe and North America.
Air India a long-term investment: Singapore Airlines CEO
09, Nov, 23Singapore Airlines CEO believes that the launch of Vistara, a joint venture with Tata Sons, was driven by the expanding air traffic potential in India.
CCI: Why should AI-Vistara merger not be investigated?
28, Jun, 23India Business News: NEW DELHI: The Competition Commission of India (CCI) has issued a show-cause notice to Air India, asking why the proposal to merge Vistara into it sho.