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Singapore Airlines, Tata Group in talks over integration of Vistara and Air IndiaSingapore Airlines owns a 49% stake in Tata SIA Airlines, which operates Vistara, while the remaining 51% is owned by the Indian conglomerate
Reuters
Last Updated IST
The discussions were ongoing and no definitive terms were agreed upon yet. Credit: Reuters Photo
The discussions were ongoing and no definitive terms were agreed upon yet. Credit: Reuters Photo

Singapore Airlines Ltd said on Thursday it was in confidential discussions with India's Tata Group regarding a potential deal which may involve the integration of Vistara and Air India.

"The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India," Singapore Airlines said in a statement.

However, it added the discussions were ongoing and no definitive terms were agreed upon yet.

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Singapore Airlines owns a 49 per cent stake in Tata SIA Airlines, which operates Vistara, while the remaining 51 per cent is owned by the Indian conglomerate.

Air India did not immediately respond to a Reuters request for comment.

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(Published 13 October 2022, 18:24 IST)