Air India, Vistara merger finalised, SIA to hold 25.1% stake in enlarged Air India

The much-awaited merger of Vistara with Air India is finally happening along with Air India’s plans of consolidating all its airlines under one umbrella to form an enlarged Air India Group. The Board of Singapore Airlines (SIA) have agreed with Tata Sons to merge Air India with Vistara. Going ahead, SIA will invest $250 million in Air India gaining a stake of 25.1% in the enlarged Group while Tata Sons will hold 74.9% stake. The new Air India is estimated to be valued at $1bn. The merger is expected to be completed by March 2024, subject to regulatory approvals. According