What does the merger of Vistara and Air India mean for Tata’s aviation biz?

Singapore Airlines confirmed last week that it was in talks with Tata Group about a potential merger of full-service carriers Vistara with Air India.

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The Singapore national airline owns 49% of Vistara. Tata holds the rest.

Vistara is India’s second-biggest domestic airline and held a market share of 9.7% in September, far behind IndiGo’s 57.7%.