Singapore Airlines gets FDI nod from Indian govt for Vistara-Air India merger
Singapore Airlines gets FDI nod from Indian govt for Vistara-Air India merger
SINGAPORE: Singapore Airlines on Friday said it has received approval from the Indian government for the foreign direct investment as part of the proposed merger of Vistara with Air India, a deal that will create one of the world's largest airline groups.
With the clearance in place, the merger that will see Singapore Airlines acquiring a 25.1 per cent stake in Air India, is expected to be completed by the end of this year.
The proposed merger was announced in November 2022.
