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Searched Tag: vistara air india merger
Govt clear Singapore airlines' ₹2,058.5 Cr FDI in Air India merger

Govt clears SIA’s ₹2,058.5 Cr FDI in Air India merger

August 30, 2024, 05:36 PM - 3 min read

India has cleared Singapore Airline's Rs 2,058.5-crore foreign direct investment in Air India Group as part of merger of the nearly 10-year-old full service carrier Vistara with Air India, a deal that will create one of the world's largest airline groups.

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Vistara to merge into Air India on November 12

Vistara to merge into Air India on November 12

August 30, 2024, 03:21 PM - 2 min read

The much-anticipated merger between Vistara and Air India is expected to be finalised on November 12, following a significant development on Friday when Singapore Airlines (SIA) announced it had received approval from the Indian government for foreign direct investment (FDI) as part of the merger process.

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