CURRENT AFFAIRS

Detailed explanation-1: -On 29 November, Singapore Airlines and Tata Group announced a merger between Air India and Vistara, with Singapore Airlines holding 25.1% of the merged entity. The merger is expected to be completed by March 2024.

Detailed explanation-2: -Vistara airlines will be merged with Tata-owned Air India by March 2024. In a press release Singapore Airlines and Tata Sons today said that they have agreed to merge Air India and Vistara by March 2024, subject to regulatory approvals.

Detailed explanation-3: -Vistara airlines will be merged with Tata-owned Air India by March 2024, the company announced today. Singapore Airlines, which owns minority share in Vistara in its joint venture with Tata, will own around 25 per cent of the enlarged Air India, into which it’ll infuse over ₹ 2,000 crore.

Detailed explanation-4: -The merger would bolster SIA’s presence in India, strengthen its multi-hub strategy, and allow it to continue participating directly in a large and fast-growing aviation market,” the airline further added.

Detailed explanation-5: -Tatas & Singapore Airlines agree to merge Vistara into Air India by March 2024; 25.1% stake for SIA in ‘new AI’ NEW DELHI: Tata Sons and Singapore Airlines (SIA) on Tuesday announced that they will merge Vistara into Air India, with a target to complete the process by March 2024 subject to regulatory approvals.