Air India-Vistara Merger to be Completed by March 2024

Tata Sons and Singapore Airlines have agreed to consolidate Air India and Vistara by March 2024.

As part of the merger transaction, Singapore's flag carrier shall also invest $250 million in Air India for a 25.1 percent share, according to a media release on Tuesday.

Tata Group owns a 51 percent stake in Vistara with Singapore Airlines owning remaining 49 percent.

With this consolidation, Air India shall be