India’s Vistara airlines is to merge with Air India under a deal agreed by joint venture partners Singapore Airlines and Tata Sons.
The merger is expected to be completed by March 2024 and is subject to regulatory approvals.
Singapore Airlines is to invest $250 million into Air India under the terms of the agreement. The carrier will own around 25 per cent of the enlarged Air India.
Enlarged Air India brand
The deal will mean a larger fleet and more routes under the Air India brand.
Tata group is already in the process of merging Air India Express and AirAsia India into a single entity.
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