Singapore Airlines (SIA) is set to infuse Rs 3,195 crore into Air India as part of the merger with Vistara, expected to finalize by November 11, 2024.
This investment will grant SIA a 25.1% stake in the expanded Air India, which includes SIA's 49% shareholding in Vistara and Rs 2,058.5 crore in cash. The merged entity aims to strengthen its position across India’s aviation segments, spanning domestic, international, full-service, and low-cost operations. Additionally, SIA anticipates a non-cash gain of SGD 1.1 billion from the merger.