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Singapore Airlines in talks with Tata over Vistara, Air India merger
Singapore Airlines confirmed ‘confidential discussions‘are ongong with Tata group to merge airlines Vistara and Air India.
Singapore Airlines has a 49% joint venture stake in Vistara with Tata while Tata outright owns Air India.
Tata also has 84% ownership in AirAsia India.
“The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India,” SIA said in a filing to the Singapore Stock Exchange.
“There is no certainty or assurance whatsoever that any definitive agreement will be entered into.”
“Even if a transaction were to materialise, it would be subject to the relevant regulatory approvals”
Tata Group has long wanted to integrate AirAsia India and Vistara into Air India.
Vistara began operations in 2015.
It gave the SIA Group a foothold in India’s fast-growing aviation industry and it may wish to transfer it into Tata’s integrated airline business.
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