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Singapore Airlines Gets India's Nod For Vistara-Air India Merger
Singapore Airlines on Friday said it has received approval from the Indian government for the foreign direct investment as part of the proposed merger of Vistara with Air India, a deal that will create one of the world's largest airline groups.
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Singapore Airlines To Get 25.1 Per Cent Stake In Air India Group: Report
Singapore Airlines' deal with Tata Sons (Tata) will inject a further SGD 360 million (USD 267 million) into Air India. It will give SIA a 25.1 per cent stake in the enlarged Air India group.
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Read Tata Group's Full Statement On Air India-Vistara Merger
Vistara Airlines will be merged with the Tata group-owned Air India, said a release by the Tata Group today. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines.
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Vistara, Air India May Be Integrated Into Singapore Airlines: Report
Singapore Airlines Ltd (SIA) said on Thursday it was in talks with India's Tata Group about a potential merger of Vistara, their joint venture airline, with Air India to give the Singaporean carrier a bigger foothold in South Asia.
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Singapore Body Raises Concerns On Tata Group's Air India Deal
Singapore's competition commission on Friday said it has raised concerns with the Tata Group over its acquisition of Air India as the conglomerate now owns two of the three key airlines that operate flights.
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Singapore Airlines Has 'Open Mind' On Air India Bid
"India is a strategic market for Singapore Airlines. We have an open mind," said David Lim, general manager for India, Singapore Airlines.
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Tata, Singapore Airlines 'Open' About Air India Bid, Says Vistara
"The two promoters are open to evaluate bids for Air India. They keep an open mind," said Vistara's chief executive officer Leslie Thng.
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Enforcement Directorate Registers FEMA Case In Rs 22 Crore Fraud Claim In Air Asia
The Enforcement Directorate (ED) has registered a forex violation case to probe ousted Tata Group Chairman Cyrus Mistry's allegation that fraudulent transactions of Rs 22 crore, involving non-existent entities in India and Singapore, were carried out in an instance involving Air Asia airlines.
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Air India must perform or perish: Civil Aviation Minister Ajit Singh
The UPA government won't privatise national carrier Air India but the airline needs to perform if it doesn't want to perish - this is what Civil Aviation Minister Ajit Singh told NDTV in an exclusive interview.
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Singapore Airlines Gets India's Nod For Vistara-Air India Merger
Singapore Airlines on Friday said it has received approval from the Indian government for the foreign direct investment as part of the proposed merger of Vistara with Air India, a deal that will create one of the world's largest airline groups.
-
Singapore Airlines To Get 25.1 Per Cent Stake In Air India Group: Report
Singapore Airlines' deal with Tata Sons (Tata) will inject a further SGD 360 million (USD 267 million) into Air India. It will give SIA a 25.1 per cent stake in the enlarged Air India group.
-
Read Tata Group's Full Statement On Air India-Vistara Merger
Vistara Airlines will be merged with the Tata group-owned Air India, said a release by the Tata Group today. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines.
-
Vistara, Air India May Be Integrated Into Singapore Airlines: Report
Singapore Airlines Ltd (SIA) said on Thursday it was in talks with India's Tata Group about a potential merger of Vistara, their joint venture airline, with Air India to give the Singaporean carrier a bigger foothold in South Asia.
-
Singapore Body Raises Concerns On Tata Group's Air India Deal
Singapore's competition commission on Friday said it has raised concerns with the Tata Group over its acquisition of Air India as the conglomerate now owns two of the three key airlines that operate flights.
-
Singapore Airlines Has 'Open Mind' On Air India Bid
"India is a strategic market for Singapore Airlines. We have an open mind," said David Lim, general manager for India, Singapore Airlines.
-
Tata, Singapore Airlines 'Open' About Air India Bid, Says Vistara
"The two promoters are open to evaluate bids for Air India. They keep an open mind," said Vistara's chief executive officer Leslie Thng.
-
Enforcement Directorate Registers FEMA Case In Rs 22 Crore Fraud Claim In Air Asia
The Enforcement Directorate (ED) has registered a forex violation case to probe ousted Tata Group Chairman Cyrus Mistry's allegation that fraudulent transactions of Rs 22 crore, involving non-existent entities in India and Singapore, were carried out in an instance involving Air Asia airlines.
-
Air India must perform or perish: Civil Aviation Minister Ajit Singh
The UPA government won't privatise national carrier Air India but the airline needs to perform if it doesn't want to perish - this is what Civil Aviation Minister Ajit Singh told NDTV in an exclusive interview.
