Singapore Airlines to Have 25.1 % Stake in Air India

Singapore Airlines (SIA) will invest another 360 million Singapore Dollar (USD 267 million) in enlarged Air India. It has made a deal with Tata Sons for this further investment in Air India. With it, SIA will have a 25.1 per cent stake in the enlarged Air India group, which has been over by Tata and merged with Vistara Airlines.

In November 2022 a deal between Singapore Airlines and Tata Sons led to investment of USD 267 million by Singapore Airlines into Air India. In its quarterly financial report, the SIA said, “The merged entity will be four to five times larger in scale compared to Vistara, with a strong presence in all key airline segments in India. The proposed merger will bolster SIA’s presence in India, strengthen its multi-hub strategy, and allow it to continue participating directly in this large and fast-growing aviation market.”

The airline further said, “Deeper collaboration with like-minded airlines is an integral part of the SIA Group’s partnerships strategy. This enables SIA and its partners to drive more traffic to their hubs, offer more options to customers, and increase the Group’s global footprint.”