DALLAS — It’s official: Vistara (UK) is set to merge with Air India (AI) Limited. The Tata Group and Singapore Airlines (SQ) have agreed on a deal that will see SQ investing an additional Rs20.59bn (US$250m), allowing it to hold a 25.1% stake in the combined carriers, as previously discussed.
Further investments from SQ and Tata will be made “if required” to help with the growth and operations of an enlarged AI.
Rumors of a merger between the two have been rife ever since…