Singapore Airlines to acquire 25% stake in Air India
BI Desk || BusinessInsider
Published: 19:58, 29 November 2022
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.
