Singapore Airlines to investment Rs 3,194.5 crore in Air India post-merger of Vistara
Singapore Airlines is set to make an additional investment of Rs 3,194.5 crore in Tata Group-owned Air India post-merger of Vistara in November.
The central government on Wednesday invited “Expression of Interest” for the strategic divestment of national passenger carrier Air India (AI), along with the airline’s shares in Air India Express (AIXL) and Air India SATS Airport Services (AISATS).
“The Government of India has given ‘in-principle’ approval for the strategic disinvestment of AI by way of the transfer of management control and sale of 76 per cent equity share capital of AI held by GOI, which will include AI’s shareholding interest in the AIXL and AISATS,” said the Preliminary Information Memorandum document.
Air India is the country’s flag air carrier with a significant market position in international and domestic operations.
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