In one of the biggest mergers in India’s aviation sector, the Tata Group on Tuesday announced the consolidation of Vistara with Air India by March 2024. As part of the merger transaction, Singapore Airlines (SIA), which currently holds 49 per cent in Vistara, will invest ₹2,059 crore to get 25.1 per cent in the merged Air India.
“With this consolidation, Air India with a combined fleet of 218 aircraft shall become India’s largest international carrier and No 2 domestic airline,” a…