Air India inks deal for another 100 aircraft as it eyes booming domestic market
Tata Group-owned Air India is looking to grab a larger slice of the country’s rapidly ...
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By Alex Lennane
Singapore Airlines (SIA) is to take a stake in Air India, which has been given yet another lease of life following the decision to merge it with Vistara, the joint venture between Tata and SIA. Under the deal, SIA will invest $250m, and gain a 25.1% stake in Air India, which was acquired by Tata in January this year. The merger is expected to complete by March 2024. FlightGlobal reports.
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