Singapore Airlines, Tata Group in talks on amalgamation of Vistara and Air India
Singapore Airlines Ltd on Thursday said it is in confidential discussions with India’s Tata Group on a possible deal that could include the amalgamation of Vistara and Air India.
“Discussions seek to deepen the existing partnership between SIA and Tata, and may include a possible integration of Vistara and Air India,” Singapore Airlines said in a statement.
However, it said that discussions were on and no definite terms have been agreed yet.
Singapore Airlines holds a 49% stake in Tata SIA Airlines, which operates Vistara, while the remaining 51% is owned by the Indian conglomerate.
Air India did not immediately respond to a Reuters request for comment.