By India Today Web Desk: Hinting at a potential integration of commercial airlines Vistara and Air India, Singapore Airlines Limited stated it is currently in ‘confidential discussions with Tata’ to explore a potential transaction on securities of Vistara and Air India. Air India is a subsidiary of Tata A press release by SIA stated, “Singapore Airlines Limited holds a 49% equity interest in Tata SIA Airlines Limited, which operates an Indian full-service airline known as Vistara, based in New Delhi. The balance 51% equity interest in Vistara is held by the Tata Group. The establishment of Vistara in 2013 gave the SIA Group a stake in India’s fast-growing aviation sector India has strong domestic and international traffic flows, which are expected to more than double over the next 10 years,” the press release stated.
Stating That The Potential Business Plan Was In Line With SIA’s Multi-Hub Strategy, The Arline Said, “SIA Is Currently In Confidential Discussions With Tata To Explore A Potential Transaction In Relation To The Securities.
of Vistara and Air India a subsidiary of Tata. The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India SIA, however, clarified that no terms and conditions were agreed upon between the parties and there was no certainty or assurance. Even if the transaction was to materialise, SIA said that it would be subjected to regulatory approval and compliance, ‘amongst other matters
“The Company will make the necessary tata vistara airline announcements as appropriate or when there are any material developments regarding the Potential Transaction in compliance with the relevant provisions of the Listing Manual of the Singapore Exchange Securities Trading Limited,” SIA’s press release stated.