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SIA to invest up to $1.24 billion for 25.1% stake in Air India with Vistara merger

The Edge Singapore
The Edge Singapore11/29/2022 07:35 PM GMT+08  • 3 min read
SIA to invest up to $1.24 billion for 25.1% stake in Air India with Vistara merger
SIA intends to fully fund this investment with its internal cash resources, which stood at $17.5 billion as at Sept 30.
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Fresh from emerging from the pandemic with all pistons firing, flag carrier Singapore Airlines has worked out an appetite to venture overseas again.

The airline, together with Indian conglomerate Tata, has agreed to merge Air India and Vistara.

Tata earlier this year gained control of Air India while Vistara is an existing joint venture between Tata and SIA.

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