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.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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...
Source: asiaonecom - 🏆 10. / 59 Read more »