airline consolidation

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Vistara to Merge with Air India as Singapore Airlines Gains FDI Approval

Singapore Airlines (SIA) announced on Friday that it has secured approval from the Indian government for foreign direct investment, marking a crucial step in the merger of its 49% joint venture, Vistara, with Air India. This move is part of SIA’s strategy to integrate Vistara into Air India, which is owned by Tata, to establish a leading full-service airline with…