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27 January 2023


Business Insider Bangladesh

Singapore Airlines to acquire 25% stake in Air India

BI Desk || BusinessInsider

Published: 19:58, 29 November 2022  
Singapore Airlines to acquire 25% stake in Air India

Photo: Collected

Singapore Airlines is going to acquire 25.1 percent 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

Singapore Airlines on Tuesday announced that it will invest S$360 million into Air India as part of the transaction. The merger is expected to be completed by March 2024.

The investment will come from Singapore Airlines’ internal cash reserves of $17.5 billion as of September 30, 2022.

Nagad