Tata Group, Singapore Airlines in talks over Vistara and Air India integration
Singapore Airlines owns a 49% stake in Tata SIA Airlines, which operates Vistara, while the remaining 51% is owned by the Indian conglomerate.
- Oct 13, 2022,
- Updated Oct 13, 2022 3:57 PM IST
Singapore Airlines Ltd said on Thursday it was in confidential discussions with India's Tata Group regarding a potential deal which may involve the integration of Vistara and Air India. "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.
However, it added the discussions were ongoing and no definitive terms were agreed upon yet.
Singapore Airlines owns a 49% stake in Tata SIA Airlines, which operates Vistara, while the remaining 51% is owned by the Indian conglomerate.
Air India did not immediately respond to a Reuters request for comment.
Singapore Airlines Ltd said on Thursday it was in confidential discussions with India's Tata Group regarding a potential deal which may involve the integration of Vistara and Air India. "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.
However, it added the discussions were ongoing and no definitive terms were agreed upon yet.
Singapore Airlines owns a 49% stake in Tata SIA Airlines, which operates Vistara, while the remaining 51% is owned by the Indian conglomerate.
Air India did not immediately respond to a Reuters request for comment.