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AI-Vistara merger awaits FDI, other approvals: SIA
The New Indian Express
|May 16, 2024
AIR INDIA-Vistara merger will strengthen Singapore International Airlines' (SIA) multi-hub strategy and allow it to continue participating directly in the fast-growing aviation market, said SIA on Wednesday while announcing its March quarter results.
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SIA added that the merger is pending foreign direct investment and other regulatory approvals "Once completed, it will give SIA a 25.1% stake in an enlarged Air India Group with a major presence in all key Indian airline market segments, including domestic, international, full-service, and low-cost.
Dit verhaal komt uit de May 16, 2024-editie van The New Indian Express.
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