Singapore Airlines and Air India: Singapore Airlines has received approval from the Indian government for foreign direct investment (FDI) as part of Vistara's proposed merger with Air India. The aviation company gave this information on Friday. The merger process of the two airlines is expected to be completed by the end of this year, under which Singapore Airlines will acquire a 25.1 percent stake in Air India. The deal is expected to form one of the world's largest airline groups. This proposed merger was announced in November 2022.

What is the stake of Tata now ?

Air India is owned by the Tata Group and Vistara is a joint venture between Tata and Singapore Airlines in the ratio of 51:49.

Singapore Airlines (SIA) on Friday filed a filing to the Singapore Stock Exchange saying it has received approval from the Indian government for foreign direct investment (FDI) as part of Vistara's proposed merger with Air India.

The aviation company said that the completion of the merger is subject to compliance with applicable Indian laws by the concerned parties. It is expected to be completed in the next few months. According to the company information, the proposed merger is expected to be completed by the end of 2024. This deal was approved by the National Company Law Appellate Tribunal (NCLT).

How will the new company work

According to a report by the Times of India, both airlines will merge on November 12. At the same time, from September 3, passengers will not be able to book with Vistara for travel after November 12. After this, all flights will be operated by Air India. Vistara has said that the schedule, aircraft, and cabin crew for these flights will be largely maintained until early 2025.