Singapore Airlines Boosts Stake with Major Investment Post Vistara-Air India Merger

Singapore Airlines will invest an additional Rs 3,194.5 crore in Air India after Vistara's merger into Air India, resulting in a 25.1% stake. The merger will ensure a significant presence across Indian air travel segments, enhancing Singapore Airlines' multi-hub strategy in the fast-growing Indian aviation market.

Singapore Airlines is set to increase its stake in Air India with a significant financial investment following the merger of Vistara, a move that reinforces its position in the competitive Indian aviation sector.

The merger, slated for completion by November 11, 2024, will see Singapore Airlines acquiring a 25.1% stake in Air India, as part of an investment worth Rs 3,194.5 crore. This strategic alignment will be a consolidation in the Indian aviation market, capitalizing on the full-service and low-cost air travel segments.

The collaboration also expands the existing codeshare agreement, multiplying destinations and strengthening Singapore Airlines' multi-hub strategy, which is poised to benefit from India's rapid aviation growth. Future investments will be based on Air India's evolving financial needs, bolstered by ongoing cooperative developments.

(With inputs from agencies.)