Singapore Airlines said on Thursday that they are in talks with India’s Tata Group for a possible deal, which could lead to amalgamation of Vistara Airlines and Air India.
The airline said in a statement that Singapore Airlines and Tata are in talks to further expand their existing partnership. This also includes the amalgamation of Vistara and Air India. Issuing this statement, Singapore Airlines further said that at present the talks have not reached any conclusive stage.
Singapore Airlines has a major stake in Vistara
Vistara airline is run by Tata SIA Airlines Limited. It is a joint venture between Singapore Airlines and Tata Group. Tata Group holds 51 per cent stake in Tata SIA Airlines, while Singapore Airlines holds 49 per cent. This company was incorporated on November 2013. Vistara airline started its commercial operations from January 2015. The company has a fleet of 50 aircrafts.
Air India got Tata in No.1
The Tata Group has been engaged in the rejuvenation of the airline since its acquisition of Air India. In September, the Tata Group had also prepared a plan called Vihaan.AI, which gave a complete account of the changes to be made in the airline over the next five years. It was envisaged that the airline will have at least 30 per cent share in the domestic aviation market in the next five years. Along with this, there was talk of starting airlines on many new international routes as well.