Holi Offer - Use Code HOLI24

Register Now

Vistara to Merge with Air India

Published on December 01, 2022
Current Context: Singapore Airlines (SIA) and Tata Sons Pvt. Ltd agreed to merge Vistara and Air India.
Vistara to Merge with Air India
  • Singapore Airlines (SIA) and Tata Sons will aim to complete the merger of Vistara and Air India by 2024.
  • As a part of the transaction, SIA will also invest a sum of USD 250 million in Air India.
  • This investment by SIA will increase its shareholding in Air India to 25.1%.
  • Currently, SIA holds 49% and Tata Sons holds a 51% stake in Vistara.
  • If needed, additional capital injections from SIA and Tata Sons will be done in FY23 and FY24 for the expansion and operation of Air India.
  • Singapore Airlines was established in 1972 with its hub in Singapore Changi Airport. The current CEO of the company is Goh Choon Phong.
  • Tata Sons Pvt. Ltd was established in 1917 with its headquarters in Mumbai. The current Chairperson of the company is Natarajan Chandrasekaran.

Question:

Q.1 Recently Tata Sons Pvt. Ltd and _____ agreed to merge Vistara and Air India.
a. British Airways
b. Lufthansa
c. Air France
d. Singapore Airlines
ebook store

About us

ramandeep singh

Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

  • Follow me:
Close Menu
Close Menu