In a further indication that Singapore Airlines will not join Tata Sons for the bidding of Air India, the company has said that it is not going to go for any merger & acquisition with the fund it has raised and instead will use it to shore up liquidity of the company. This comes as the process for financial bidding of Air India has started. Tata Sons with whom SIA owns and operates Vistara is one of the frontrunners to acquire the state-owned carrier.
The company however will continue to invest in Vistara and said that the airline’s fleet will grow to 70 by mid of 2023. Vistara currently has 47 planes with a mix of Airbus A320 family and Boeing 787.
