Vistara to Merge With Air India

Tata Sons and Singapore Airlines to merge Air India and Vistara by March 2024

The merger will make Air India the country's leading domestic and international carrier with a fleet size of 218 aircrafts.

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Air India and Vistara are both Tata owned. Both are full-service carriers with similar fleet.

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After the merger, Singarpore Airline's stake will change from 49% in Vistara to 25.1% in enlarged Air India Group.

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Singapore Airlines will infuse Rs 2,058 crores in Air India as part of this merger deal.

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Together, Vistara and Air India command a market share of 18%. The merger may help Air India reach 30% market share.

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Did you know - In 2017, Tata Group acquired Air India from India government at a whooping price of Rs. 18,000 crores.

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Take a look at the Top Stocks in Indian Airline Sector.

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