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Tata Group, Singapore Airlines in talks to merge Air India and Vistara AirIndia-Vistara merger

Tata Group, Singapore Airlines in talks to merge Air India and Vistara

India Blooms News Service | @indiablooms | 13 Oct 2022, 05:46 pm

Singapore Airlines Ltd and Tata Group are in confidential discussions over a likely deal that may involve the integration of Vistara and Air India, Reuters reported.

Tata Group owns a 51 percent stake in Vistara Airlines while the remaining 49 percent is held by Singapore Airlines.

"The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India," Singapore Airlines said in a statement, the report stated.

The discussions are underway and no definitive terms have been agreed upon as yet, it added.

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