- 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
