Vistara received cash influx days before Air India merger announcement

Vistara received an equity investment of millions of dollars about a couple of weeks before announcing the proposed Air India-Vistara merger deal, reports Business Standard. As per the sources, the investment can be broken down as $40 million from the Tatas and $38.4 million from the Singapore Airlines (SIA). Since its inception, Vistara has received more than $600 million from the Tata Group and $585 million from SIA. Meanwhile, Vistara has reported loss in the last fiscal amounting to $256 million on a year-on-year basis. Justifying the loss, the airline claimed that first half of FY22 was impacted by the