Singapore Airlines invests Rs 457 cr in Vistara, expects profit after 2020

Singapore Airlines (SIA) has invested more than SGD 100 million (Rs 457 crore) in Indian carrier Vistara, twice the amount initially planned, a daily reported.

The airline is "encouraged" by Vistara's performance so far but an SIA spokesman declined to confirm funding details, citing commercial confidentiality, according to The Straits Times.

Profits are not expected until 2020 at the earliest but the New Delhi-based carrier, which has been flying domestically for more than two years, is growing nicely, the Singapore daily cited analysts as saying.

In June next year, the 49-per cent SIA owned Vistara will collect its 20th aircraft,