Singapore Airlines has no plans to raise stake in Air India beyond 25.1%, said a spokesperson at the airline.
The stake purchase is still under review with watchdog Competition Commission of India, she added.
The spokesperson was reacting to a media report that said SIA may raise stake in the airline to 40%.
The spokesperson said the report “is incorrect.”
“There no change in SIA’s position from the November 2022 announcement. The regulatory approval process for the merger of Air India and Vistara is underway, and we have nothing further to add.”
Tata Sons and SIA plan to merge Air India and Vistara, with SIA investing an additional S$360 million into Air India.
