Singapore Airlines said that the proposed merger of Air India and Vistara is still on track, pending approvals from regulatory and competition authorities in various jurisdictions. After the merger is completed, Singapore Airlines (SIA) will hold a 25.1 percent stake in Air India. SIA owns a 49 per cent share in Vistara, while the remaining 51 per cent is owned by the Tata Group.
In a statement, SIA Group mentioned that the Competition Commission of India has already approved the transaction in September 2023. However, it still requires foreign direct investment approval and nods from other regulatory bodies and competition authorities, including India’s Directorate General of Civil Aviation,
