Tata Sons is likely to offer a stake in Air India to Singapore Airlines (SIA), as part of the negotiations to merge their joint venture carrier, Vistara, with Air India, top executives close to the matter said.
SIA, which owns 49% in Vistara’s parent Tata SIA Airlines, has agreed “in principle” to the proposal to get on board Air India with the Tata Group, they said. The Tata Group is seeking to merge Vistara with the national carrier it recently acquired and have Air India as the only airline brand under its fold, the executives said.
The discussions are being led by Tata Group and Air India chairman N Chandrasekaran and SIA’s top brass, they said. Tata Sons holds the majority 51% stake in full-service airline Vistara.
