Singapore Airlines on Thursday said it is in confidential discussions with the Tatas for a possible merger of Vistara and Air India.
In a regulatory filing, SIA said discussions with Tatas are ongoing and no definitive terms have been agreed upon between the parties.
“In line with its multi-hub strategy, SIA is currently in confidential discussions with Tata to explore a potential transaction in relation to the securities of Vistara and Air India Ltd, a subsidiary of Tata (the ‘potential transaction’). The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India,” the filing to the Singapore Stock Exchange said.
