Singapore Airlines Group on Tuesday reported its highest ever net profit and outlined various strategic initiatives, including the proposed merger of Vistara with Air India to boost the Singaporean carrier’s presence in the Indian market.
Vistara is a joint venture between Singapore Airlines and Tata Group, which holds 51 per cent stake. The process to merge Vistara with Air India is underway.
On Tuesday, Singapore Airlines (SIA) Group posted a record net profit of 2,157 million Singapore Dollars for FY2022-23. In the year-ago period, it had a net loss of SGD 962 million.
