Tatas could own about 75%, SIA 25% in AI-Vistara
NEW DELHI: The Tata Group and Singapore Airlines (SIA) are learnt to have finalised the proposed merger of Air India and Vistara. While Tatas will have about 75% stake in the merged entity, the remaining will be with SIA, say people in the know. In Vistara, Tatas and SIA’s stake is at 51% and 49%, respectively. The proposed merger, which is targeted to be completed within a year on getting all required approvals, is likely to be announced shortly.
Comments have been sought from Tatas, AI, SIA and Vistara and are awaited.
The Tata Group wants to have AI as the umbrella carriers with a full service arm formed by merging Vistara into the Maharaja and a low cost arm by merging AirAsia India (AAIPL) into AI Express.
