SIA in talks with Tatas to merge their JV Vistara with Air India
Singapore Airlines (SIA) is in talks with its partner Tata Sons to merge their joint venture Vistara with Air India. The N Chandrasekaran-led Tata Group aims to build a large aviation entity to take on local and international competition.
“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, a subsidiary of Tata,” the premier Asian carrier said in a filing to the Singapore Stock Exchange. “The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India,” it added.
