SIA will invest nearly $250 million into Air India as part of the transaction, the Singaporean carrier said in a statement, with the pair aiming to complete the merger by March 2024 subject to regulatory approvals.
Vistara CEO Vinod Kannan said: “Vistara is a fine manifestation of its parent brands Tata Sons and Singapore Airlines, and we are delighted that we will continue to be guided by their legacies as we merge with Air India.
"The integration process will take some time, and during this phase, it will be business as usual for all our stakeholders, including customers. We will continue to share relevant information with all of them, as appropriate.”
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