• Friday, March 29, 2024

Business

Singapore Airlines, Tata in talks to integrate Vistara, Air India

A Singapore Airlines plane (Photo by ROSLAN RAHMAN/AFP via Getty Images)

By: Shubham Ghosh

Singapore Airlines Ltd (SIA) on Thursday (13) said it was in confidential discussions with Indian conglomerate Tata Group over a potential deal that may see the integration of Vistara and Air India, Reuters reported.

“The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India,” the airlines said in a statement.

However, it also added that no definitive terms were agreed upon yet.

SIA owns a 49 per cent stake in Tata SIA Airlines, which operates Vistara, while 51 per cent is owned by the Indian company.

Air India did not immediately respond to a Reuters request for comment.

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