Tata group, Singapore Airlines finalise merger of Air India and Vistara

Combined entity will become India's largest international and second largest domestic carrier

The Tata group and Singapore Airlines (SIA) announced on Tuesday that they had agreed to merge Vistara with Air India to drive synergies and grab market share in the fast-growing aviation market.
 

After the merger, brand Vistara will cease to exist and Air India will become India’s second largest domestic and largest international carrier, with a fleet of 218 aircraft.
 

This is the Tata group’s second consolidation exercise in the sector after it initiated the merger of AirAsia India with Air India Express earlier this year.
 

As part of the deal, and in lieu of its 49 per cent stake