Singapore Airlines, Tata Group in talks over integration of Vistara and AI- QHN


Singapore Airlines Ltd said on Thursday it was in confidential discussions with India’s Tata Group regarding a potential deal which may involve the integration of Vistara and Air India.

“The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India,” Singapore Airlines said in a statement.

However, it added the discussions were ongoing and no definitive terms were agreed upon yet.

Singapore Airlines owns 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.

 

(Reporting by Sameer Manekar in Bengaluru; Editing by Shailesh Kuber)

Note:- (Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. The content is auto-generated from a syndicated feed.))

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