India Clears Singapore Investment in Key Step for Airline Merger

-- India cleared the last roadblock to national carrier Air India Ltd.’s merger with smaller rival Vistara, approving a S$360 million investment by Singapore Airlines Ltd. into the new combined carrier.The deal paves the way for the operational merger of planes, staff and routes. Air India expects to complete the merger with Vistara by the end of the year, Singapore Airlines said in a filing Friday.

The Indian merger will give Singapore Air greater exposure to one of the world’s fastest-growing travel markets and make it the only foreign player to have a significant stake in one of the country’s airlines. Harris bats away Trump’s ‘turning Black’ remark in CNN interview, gives ‘TMI’ on Biden exiting race - live

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