Explore Business Standard
Don’t miss the latest developments in business and finance.
Singapore Airlines on Tuesday said Vistara will be merged with Tata group-owned Air India. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA). As part of the transaction, SIA will also invest Rs 2,058.5 crore in Air India. "This would give SIA a 25.1 per cent stake in an enlarged Air India group with a significant presence in all key market segments. SIA and Tata aim to complete the merger by March 2024, subject to regulatory approvals," SIA said in a release.
A 37-year-old American man has been charged in a Singapore court with assaulting cabin crew and making a hoax bomb threat aboard a Singapore Airlines flight travelling from San Francisco. Singapore police were alerted on Wednesday to an alleged bomb threat on board flight SQ33 from San Francisco to Singapore. The man was restrained by the crew, and police subsequently arrested him for making false threats of terrorist acts and for the suspected consumption of controlled drugs. The plane landed safely at Changi Airport at about 5.50 am, under the escort of Republic of Singapore Air Force F-16C/D fighter jets. "Preliminary investigations indicate that during the flight, the man had allegedly shouted that there was a bomb on the plane and grabbed another passenger's luggage from the cabin's overhead compartment," the Singapore Police Force (SPF) said in a statement on Thursday. A member of the cabin crew who tried to intervene and restrain La Andy Hien Duc was allegedly assaulted, s