The girth of Air India’s Maharaja — the portly mascot of the 90-year-old airline — is about to swell. On Tuesday, the Tatas and Singapore International Airlines (SIA) announced plans to merge Vistara with Air India, the former state-owned airline that came into the Bombay House fold after it was privatised in January.
The combined entity will be India’s largest international carrier and second-largest domestic airline.
Singapore Airlines (SIA) which owns 49 per cent of Vistara will get a 25.1 per cent stake in the new Air India group. SIA announced it will be investing Rs 2,058.5 crore ($250 million) in Air India.
