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Tata Group, Singapore Airlines in talks over Vistara and Air India integration

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.

Tata Group, Singapore Airlines in talks over Vistara and Air India integration (Photo: Reuters) Tata Group, Singapore Airlines in talks over Vistara and Air India integration (Photo: Reuters)

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.

Published on: Oct 13, 2022, 3:57 PM IST
Posted by: Tarab Zaidi, Oct 13, 2022, 3:39 PM IST