Singapore Airlines planes sit on the tarmac at Changi Airport in Singapore, on Nov 16, 2021.Singapore Airlines Ltd said on Thursday it was in talks with India's Tata Group about a potential merger of Vistara, their joint venture airline, with Air India to give the Singaporean carrier a bigger foothold in South Asia.
The Singaporean carrier has a 49 per cent stake in Tata SIA Airlines, which operates full-service carrier Vistara, while the Indian conglomerate owns the rest. It is also launching more services to North America, where its use of Russian airspace gives it a shorter flight time than rivals that have avoided it since Moscow began its invasion of Ukraine in February.
Shukor Yusof, head of Malaysia-based aviation consultancy Endau analytics, said SIA did not have a good track record in mergers and acquisitions.
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Singapore Airlines pursues Air India stake to expand market presenceSINGAPORE — Singapore Airlines (SIA) said on Thursday (Oct 13) it was in talks with India's Tata Group about a potential merger of Vistara, their joint venture airline, with Air India to give the Singaporean carrier a bigger foothold in South Asia.
Source: TODAYonline - 🏆 1. / 99 Read more »
Singapore Airlines pursues Air India stake to expand market presenceSINGAPORE — Singapore Airlines (SIA) said on Thursday (Oct 13) it was in talks with India's Tata Group about a potential merger of Vistara, their joint venture airline, with Air India to give the Singaporean carrier a bigger foothold in South Asia.
Source: TODAYonline - 🏆 1. / 99 Read more »
Singapore Airlines pursues Air India stake to expand market presenceSingapore Airlines Ltd (SIA) said on Thursday (Oct 13) it was in talks with India's Tata Group about a potential merger of Vistara, their joint venture airline, with Air India to give the Singaporean carrier a bigger foothold in South Asia. 'The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of...
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