{"id":539468,"date":"2022-11-30T11:20:26","date_gmt":"2022-11-30T05:50:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=539468"},"modified":"2022-11-30T11:20:26","modified_gmt":"2022-11-30T05:50:26","slug":"tata-sons-announces-air-india-vistara-merger-deal-to-be-completed-by-march-2024","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-sons-announces-air-india-vistara-merger-deal-to-be-completed-by-march-2024\/","title":{"rendered":"Tata Sons announces Air India-Vistara merger; Deal to be completed by March 2024"},"content":{"rendered":"<p>In a transaction that can lift Air India (AI) to new heights, Singapore Airlines (SIA) on Tuesday announced it would become a 25.1% shareholder in a new, enlarged entity formed by the merger of Vistara with AI. The merger is expected to be completed by March, 2024.<\/p>\n<p>SIA said the consideration comprises its 49% stake in Vistara and $250 million (Rs 2,058.5 crore) in cash. SIA runs full-service airline Vistara in a joint venture with Tata Sons. Both Tata Sons, the parent of Air India, and SIA will likely infuse more capital into the new entity in the coming years. The investment made by the Singaporean airline could be as much as $615 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a transaction that can lift Air India (AI) to new heights, Singapore Airlines (SIA) on Tuesday announced it would become a 25.1% shareholder in a new, enlarged entity formed by the merger of Vistara with AI. The merger is expected to be completed by March, 2024. SIA said the consideration comprises its 49% stake in Vistara and $250 million (Rs 2,058.5 crore) in cash. SIA runs full-service airline Vistara in a joint venture with Tata Sons. Both Tata Sons, the parent of Air India, and SIA will likely infuse more capital into the new entity in the coming years. [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-539468","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/539468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=539468"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/539468\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=539468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=539468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=539468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}