Air India, Vistara to merge as Singapore Airlines buys 25% stake
Tata Group is combining Air India with Vistara, its joint venture with Singapore Airlines (SIA), in an attempt to boost the Indian airline’s clout and help it compete better in domestic and international skies.
The merger will make it India’s largest international carrier and second-largest domestic carrier. It will have a combined fleet of 218 aircraft.
The news comes as Air India looks to boost its network, give its image a makeover under a new owner and win back market share from the likes of Indigo in India and many others abroad.
Indian salt-to-steel conglomerate Tata will hold 74.9 per cent of the new entity, while SIA will own the remaining 25.1 per cent.
