SIA to acquire 25.1% stake in Air India under deal with Tata

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SIA to acquire 25.1% stake in Air India under deal with Tata

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01-12-2022, 07:00 PM

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SIA to acquire 25.1% stake in Air India under deal with Tata

An honorable member of the Coffee Shop Has Just Posted the Following:

SINGAPORE: Singapore Airlines Ltd (SIA) said on Tuesday (Nov 29) it would emerge as a 25.1 per cent owner of Air India as part of a deal that would merge its Vistara full-service airline joint venture with Tata Sons into India's national carrier.

SIA will invest S$360 million into Air India as part of the transaction, with both companies aiming...

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