- Singapore Airlines has received approval from India’s government for foreign direct investment into the entity resulting from the merger of its 49 per cent-associated company, Tata SIA Airlines – operating as Vistara – and Air India., with SIA to hold 25.1 per cent of the combined group. The merger is aimed at creating a dominant full-service airline in the domestic and international markets.
While India’s antitrust body approved the deal in September 2023, the Competition and Consumer Commission of Singapore identified certain competition concerns. CCCs later gave the green light for the deal in March this year, subject to certain conditions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: