Vistara (UK) is set to merge with Air India (AI) Limited. The Tata Group and Sigapore Airlines (SQ) have agreed on a deal that will see SQ investing an additional USD 250 million, allowing it to hold a 25.1% stake in the combined carriers.
Further investments from sQ and Tata will be made – if required – to help with the growth and operation of an enlarged Air India.
Rumors of a merger between the two have been rife ever since Tata took control of Air India in January 2022. Last month it was confirmed that discussions between Tata and Singapore Airlines were taking place.
The entire process will run some length and is expected to be completed by March 2024.