Singapore Airlines Ltd

With a single airline brand, Tatas aim for quick business turnaround

The financial outlay for the Singapore Airlines Group under the proposed Vistara-Air India merger is "minimal when considered against the fact that it is acquiring a 25.1 per cent in interest in the enlarged Air India", according to a regulatory filing. Singapore Airlines (SIA), which commenced services to India more than 50 years ago, expects to immediately gain exposure to an entity that is four to five times larger in scale post the merger. On Tuesday, Tata group and SIA announced the merger of Vistara with Air India and subject to regulatory approvals, the deal is expected to be completed by March 2024. The financial exposure of the SIA Group for the merger would effectively be the aggregate of the value of its 49 per cent interest in Vistara and the cash consideration of Rs 2,058.5 crore. "It is noted that due to losses sustained since 2013, Vistara has zero carrying value in the SIA Group financial statements as at 30 September 2022," SIA said in the filing to the Singapore .

Back in 1994, Tata group and Singapore Airlines (SIA) made efforts to set up a joint venture airline in India. Six years later, they again tried to enter the country's aviation market, this time by teaming up to acquire stakes in Air India. However, the two attempts did not take-off. Finally, they realised their dream as Vistara took to the Indian skies in January 2015. On Tuesday, Tata group announced the merger of Vistara with Air India. The name 'Vistara' is derived from the Sanskrit word 'Vistaar' which means 'a limitless expanse'. Vistara, which is now the country's second largest airline in terms of domestic market share, operated its first flight on January 9, 2015, from Delhi to Mumbai. In October, Vistara had a market share of 9.2 per cent. At present, Vistara connects 43 domestic and overseas destinations, operates more than 260 flights daily. It has a fleet of 54 aircraft and close to 4,500 employees. According to the airline's website, in 2013, the two legendary bran

The Air India-Vistara merger is expected to be completed within a year after getting all approvals

Tata is considering scrapping Vistara brand, Singapore Airlines Ltd's local affiliate in South Asian nation; Singapore Airlines is evaluating the size of stake it should take in the combined entity

'Air India already has scale... we are not doing this from scratch. We are doing this from a running start', said Wilson

SIA, however, has cautioned its investors that there is no certainty of a deal

SIA owns 49% of Vistara in JV with Tata Group; Vistara could be merged into Air India, which is headed by former SIA executive

Singapore Airlines to restore pre-Covid flight frequency to Indian cities

Singapore's flag carrier will progressively operate 17 weekly flights to Chennai, up from the current 10 flights per week, it said on Tuesday

Says move could limit competition on India-Singapore routes

Singapore Airlines CEO Goh Choon Phong wants to pursue a multi-hub strategy as he expects India to be the third-largest aviation market after China and the US by the middle of the decade

Singapore Airlines is aiming to raise $500 million to $750 million in a US dollar bond deal, according to two sources

The grounding of passenger planes at a time of increased demand for everything from medical supplies to iPhones has boosted freight rates

The move comes as Singapore Airlines undertakes a three-year transformation programme designed to cut costs and boost revenue amid competition from Chinese and Middle Eastern rivals and low-cost carr