Tata merges Air India with Singapore Airlines’ local venture
Singapore Air receives 25.1% stake with $250 million investment
Tata Group will merge Air India Ltd. with Vistara, which it jointly holds with Singapore Airlines Ltd., creating a behemoth in one of the world’s fastest-growing aviation markets. The deal will give Singapore Air a 25.1% stake in the merged carrier for an investment of $250 million, according to an exchange filing Tuesday. Both the […]
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