Singapore Airlines pursues Air India stake to expand market presence

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Singapore Airlines Ltd (SIA) 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.

Air India headed by former SIA executivesaid 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.

Tata owns all of Air India after completing its purchase of the previously state-owned Indian national carrier in January. "SIA converting its stake in Vistara into a stake for the Tata-led airline group makes sense," said Brendan Sobie, an independent analyst based in Singapore. "The creation of this group will improve the position of all the Tata airlines and SIA's investment in the Indian market."

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Don’t do it

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

INDIA STOCKS Indian shares slump on rate hike worries; Wipro tumblesIndian shares sank further on Thursday after the country's retail inflation data stoked fears of more rate hikes, while dismal results from Wipro weighed on IT stocks.
Källa: Reuters - 🏆 2. / 97 Läs mer »