Singapore Airlines on Tuesday said the proposed merger of Air India and Vistara “remains on course” and is subject to approvals from regulators as well as competition authorities in several jurisdictions.
Once the merger is complete, Singapore Airlines (SIA) will have a 25.1 per cent stake in Air India. Currently, Singapore Airlines owns a 49 per cent shareholding in Vistara and the remaining 51 per cent stake is with the Tata Group.
“The proposed merger of Air India and Vistara remains on course, with the Competition Commission of India approving the transaction in September 2023.
