Air India: Big announcement of Singapore Airlines just before the merger of Air India-Vistara, know what

Air India-Vistara Merger: Singapore Airlines (SIA) will invest an additional Rs 3194.5 crore in Tata Group-owned Air India. This investment will take place after the merger of Air India-Vistara and is scheduled to be completed by November 11, 2024. After this merger, Singapore Airlines (SIA) will have 25.1 percent stake in Extended Air India. It can be understood that after this merger, Air India will be the only full service carrier in the country. SIA’s 49 percent stake in Vistara and a cash payment of Rs 2058.5 crore are included, which will be settled through merger.

Vistara took its first flight on 9 January 2015.

Vistara, which is a full service carrier, started flights on 9 January 2015. It is mainly a joint venture between Tata and Singapore Airlines and where Tata has a 49 percent stake.

There is big information in the press release

Singapore Airlines (SIA) Group on Friday said the merger includes Rs 20,585 million (Rs 2058.5 crore) in cash in exchange for 49 per cent interest in Vistara and 25.1 per cent equity interest in Extended Air India. The information given about the merger in the press release issued on Friday shows that from November 12, the airlines will not be operated under the Vistara brand but will operate Extended Air India flights as a full service carrier. .

Know the special features of Air India-Vistara merger

After this merger, based on the funding that will be specifically injected into Air India by Tata Group, it will operate as a joint entity after an additional investment of Rs 3194.5 crore by Singapore Airlines.

Air India and Singapore Airlines have unanimously agreed to jointly extend their codeshare agreement.

The joint network of Air India and Singapore Airlines will also include 11 Indian cities and 40 other international destinations.

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