Govt clears Singapore Airlines' ₹2,058.5 cr FDI in Air India Group
The Free Press Journal|August 31, 2024
India has cleared Singapore Airline's Rs 2,058.5-crore foreign direct investment in Air India Group as part of merger of the nearly 10-year-old full service carrier Vistara with Air India, a deal that will create one of the world's largest airline groups.
Govt clears Singapore Airlines' ₹2,058.5 cr FDI in Air India Group

The merger deal will see the Singapore carrier owning 25.1 per cent stake in the Air India Group.

On Friday, Singapore Airlines (SIA) said the Indian government has approved its proposed Foreign Direct Investment (FDI) into the enlarged Air India Group as part of the ongoing merger of Air India and Vistara.

The approval marks a significant development towards the completion of the merger, which is expected to be completed by the end of this year, SIA said in a release.

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