Air India and Vistara may merge under new joint venture: report

Tata Group and Singapore Airlines (SIA1) (SINGY) could soon merge their airline businesses under a new joint venture between Air India and Vistara, sources close to the matter told Live Mint on September 27, 2022.

Singapore Airlines (SIA1) (SINGY), the parent company of Indian full-service air carrier Vistara, could own a 25% stake worth between $61.4 million and $1.2 billion (INR 5,000 – 10,000 crore) in the new joint venture, the industry sources confirmed.

“SIA [Singapore Airlines (SIA1) (SINGY), ed.-] is Tata Sons’ current joint venture partner in Vistara. Talks are going on between the two joint venture partners on how best to leverage the future India opportunity in aviation. What corporate structure will emerge is still under discussion,” the sources claimed.