Singapore Airlines to Invest INR 3,194.5 Crore in Tata's Merged Air India and Vistara Entity
SIA will contribute its 49 per cent stake in Vistara, as well as INR 2,058.5 crore in cash, to secure a 25.1 per cent equity share in the merged airline.
Goodbye Vistara: Airline co-owned by SIA merges with Air India this week in market shakeup
Also this week, IndiGo debuts business-class cabins to venture beyond budget travel for first time. Read more at straitstimes.com.
Singapore Airlines to invest additional Rs 3,195 crore in Air India after Vistara merger this month
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 Airlines to fly its last flight today before merger with Air India
Vistara's final flight as an independent airline takes off tonight, marking the completion of its merger with Air India. From tomorrow, Vistara’s operations will be fully integrated into Air India, as Tata’s aviation footprint expands with this strategic consolidation.
Singapore Airlines to invest ₹3,194.5 crore more into Air India after Vistara merger for 25.1% stake
Singapore Airlines will invest an additional ₹3,194.5 crore into the newly merged entity comprising of Vistara and the Tata-owned Air India for a 25.1% stake
Singapore Airlines To Infuse Rs 3,195 Crore In Air India After Vistara Merger
Singapore Airlines is set to invest additional funds of Rs 3,194.5 crore in Air India after the merger of Vistara in November. The carrier will infuse the amount in the Tata Group-owned airline. The merger will be completed on November 11,
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