Vistara,
Air India
Merger By
2024

Singapore Airlines (SIA) and Tata Sons (Tata) have agreed to merge Air India and Vistara

Vistara, Air India Merger

Singapore Airlines will be investing Rs 2,059 crore in Air India as part of the transaction in exchange of 25.1% stake in Air India group

Vistara-Air India Deal

SIA will fund this investment in Air India with its internal cash resources, which stood at 17.5 billion Singaporean dollars as of September 30, 2022

Air India-Vistara Deal

SIA and Tata have also agreed to participate in additional capital injections. “Based on SIA’s 25.1 percent stake post-completion, its share of any additional capital injection could be up to Rs 50,200 million (US $615 million), payable only after the completion of the merger,” as per the filing

SIA, Tata Group May
Do Capital Injections

“The merger of Vistara and Air India is an important milestone in our journey to make Air India a truly world-class airline. We are transforming Air India, with the aim of providing great customer experience, every time, for every customer,” said N Chandrasekaran, Chairman, Tata Sons

N Chandrasekaran on
Vistara-Air India Merger

"We will work together to support Air India’s transformation program, unlock its significant potential, and restore it to its position as a leading airline on the global stage," said Singapore Airlines CEO Goh Choon Phong

Singapore Airlines
Chief on Vistara-Air
India Merger

As per the market summary for October 2022 shared by the Directorate General of Civil Aviation (DGCA), the three Tata group airlines - Air India, Vistara and AirAsia India - had an aggregate market share of 25.9%

Air India, Vistara and
AirAsia India -
Market Share

Back in January 2022, Tata Sons took over Air India from the Government of India. The completion date for Tata Sons-Air India merger was set for 2024

Tata Sons-
Air India Merger

Tata Sons-Air India deal’s worth was Rs 18,000 crore

Tata Sons And
Air India Deal 

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