Singapore Airlines Ltd

SIA to invest additional Rs 3,195 cr in Air India after Vistara merger

Singapore Airlines will make an additional investment of Rs 3,194.5 crore in Tata Group-owned Air India post-merger of Vistara in November. The merger, announced on November 29, 2022, and set to be completed on November 11, 2024, will result in Singapore Airlines having a 25.1 per cent stake in the enlarged Air India. Full-service carrier Vistara, which started flying on January 9, 2015, is a joint venture between Tatas and Singapore Airlines, where the latter holds a 49 per cent shareholding. Singapore Airlines (SIA) Group on Friday said its consideration for the merger comprises the 49 per cent interest in Vistara and Rs 20,585 million (Rs 2,058.5 crore) in cash in exchange for a 25.1 per cent equity interest in the enlarged Air India. Post-merger, SIA expects to recognise a non-cash accounting gain of around 1.1 billion Singapore dollars and also start equity accounting for its share of Air India's financial results. According to a release on Friday, the merger includes an ...

Air India, SIA expand codeshare agreement; add 40 int'l, 11 Indian cities

Air India and Singapore Airlines (SIA) have agreed to expand their codeshare agreement, adding 11 Indian cities and another 40 international destinations to their network. This marks the first extensive expansion of codeshare arrangements between the airlines since 2010, offering customers enhanced travel options between Singapore and India, as well as beyond. A codeshare pact allows two airlines to offer their customers services on each other's flights. From October 27 this year, Air India and SIA will codeshare on each other's flights between Singapore and the Indian cities of Bengaluru and Chennai, increasing their total weekly scheduled codeshare services between the countries to 56 from 14. SIA will codeshare on Air India's domestic flights between Delhi and Amritsar, Bengaluru, Coimbatore, Lucknow, and Varanasi, between Mumbai and Ahmedabad, Amritsar, Bengaluru, Coimbatore, Goa, Jaipur, Kolkata, Lucknow, and Thiruvananthapuram, as well as between Kolkata and Guwahati. Air In

Vistara experience to remain; services to have 'AI2' prefix: Air India

Air India on Wednesday said flights operated with Vistara aircraft will have numbers starting with the prefix 'AI2' after the merger next month while Vistara's planes, crew and service will continue to operate as before. The Tata Group-owned full service carrier also emphasised that the Vistara experience will remain post merger. The merger of Vistara -- a joint venture between Tatas and Singapore Airlines -- with Air India is scheduled for November 12 that will mark a major consolidation in the Indian aviation space after the integration of AIX Connect with Air India Express. There are concerns in certain quarters on whether Vistara passengers will continue to get the same services like now, post merger as Air India, which is in the transformation phase, has been facing certain service issues in recent times. An Air India spokesperson on Wednesday said the teams of Air India and Vistara have been working hard for over a year to ensure that the merger of the legal and regulated ...

Singapore Airlines receives FDI approval for Air India-Vistara merger

Singapore Airlines on Friday said it has received approval from the Indian government for the foreign direct investment as part of the proposed merger of Vistara with Air India, a deal that will create one of the world's largest airline groups. With the clearance in place, the merger that will see Singapore Airlines acquiring a 25.1 per cent stake in Air India, is expected to be completed by the end of this year. The proposed merger was announced in November 2022. Air India is owned by Tata Group and Vistara is a 51:49 joint venture between Tatas and Singapore Airlines. In a regulatory filing on Friday, Singapore Airlines (SIA) said it has received approval from the Government of India for Foreign Direct Investment (FDI) into the enlarged Air India as part of the proposed merger. "The FDI approval, together with anti-trust and merger control clearances and approvals, as well as other governmental and regulatory approvals received to-date, represent a significant development toward

Singapore Airlines recycled more in-flight waste than previously reported

Recycling and a broader focus on the environment, including sustainable aviation fuel, has become a much bigger focus for airlines

S'pore Airlines offers compensation to passengers on turbulent flight

Passengers with minor injuries have been offered $10,000 and those with serious injuries can discuss an offer to meet their specific needs

S'pore turbulence flight probe: Sharp drop in altitude caused injuries

One passenger died of a suspected heart attack and dozens were injured after Singapore Airline Flight SQ321

6,000 feet drop in 3 mins: Singapore Airlines flight's mid-air chaos. WATCH

A British passenger suffered a fatal cardiac arrest, and many were injured when a Singapore Airlines flight encountered severe turbulence mid-air. The plane made an emergency landing in Bangkok

SIA passengers endured 62 sec of extreme turbulence on May 21 flight

The Singapore Airlines (SIA) Flight SQ321 that was rocked by severe turbulence on Tuesday climbed and descended rapidly twice in 62 seconds, stunning the passengers with one dying of heart attack, as the aircraft flew over the Irrawaddy Delta region of Myanmar, it emerged on Saturday. One passenger -- 73-year-old Briton Geoffrey Kitchen -- died, and dozens were injured in the incident. It is the first SIA aviation accident involving a fatality since the SQ006 crash in Taiwan in October 2000. As the flight, which was heading to Singapore from London, experienced sudden severe turbulence over the Irrawaddy Basin during the breakfast service, the pilot declared a medical emergency and diverted the plane carrying 211 passengers and 18 crew members to Bangkok's Suvarnabhumi Airport, where the plane made an emergency landing at 3.45 pm (4.45 pm Singapore time). Granular flight data from flight tracking website Flightradar24 shows that the Boeing 777-300ER climbed and descended rapidly twi

22 suffer spinal cord injuries, 6 head trauma on S'pore Airlines flight

Twenty-two passengers from a Singapore Airlines flight that was hit by turbulence May 21, have spinal cord injuries and six have brain and skull injuries, according to media reports. Twenty people remained in intensive care, although none were life-threatening cases, reported The Straits Times, citing Dr Adinun Kittiratanapaibool, director of Samitivej Srinakarin Hospital. The oldest patient at the hospital is 83, while the youngest is a two-year-old child who suffered a concussion. He added that there were 40 patients from Flight SQ321 at the hospital. The London to Singapore flight made an emergency landing in Bangkok. Nearly 60 passengers were injured after the flight on May 21 encountered "sudden extreme turbulence over the Irrawaddy Basin at 37,000 feet about 10 hours after departure". Forty-six passengers and two crew members aboard the SIA flight remain in the Thai capital for medical treatment. Sixty-five passengers and two crew members were still in Bangkok, said SIA in

Singapore Airlines changes seatbelt sign rules after fatal turbulence

Singapore Air "will continue to review our processes" to prioritise the safety of crew and passengers, the airline said

Singapore Airline's deadly turbulence leaves 20 people in intensive care

More than 100 people had required medical care immediately after the flight landed in Bangkok

Singapore Airlines to pay Rs 2 lakh to Indian couple over seat malfunction

The Singapore Airlines has been ordered to pay Rs 2,13,585 to Telangana's DGP Ravi Gupta and his wife over malfunction in their automatic recliner seats in the business class

Air India-Vistara merger remains on course, says Singapore Airlines

Singapore Airlines on Tuesday said the proposed merger of Air India and Vistara "remains on course" and is subject to approvals from regulators as well as competition authorities in several jurisdictions. Once the merger is complete, Singapore Airlines (SIA) will have a 25.1 per cent stake in Air India. Currently, Singapore Airlines owns a 49 per cent shareholding in Vistara and the remaining 51 per cent stake is with the Tata Group. "The proposed merger of Air India and Vistara remains on course, with the Competition Commission of India approving the transaction in September 2023. "It remains subject to foreign direct investment approval, as well as approvals from other regulators and competition authorities in several jurisdictions including those from India's Directorate General of Civil Aviation, Ministry of Civil Aviation, and National Company Law Tribunal, and the Competition and Consumer Commission of Singapore," SIA Group said in a release on Tuesday. While announcing the .

AI, Singapore Airlines to maintain minimum capacity on certain routes

Air India and Singapore Airlines will ensure minimum capacity on various domestic and international routes, including Delhi-Sydney and Delhi-Paris, as part of commitments made to fair trade regulator CCI to address possible competition concerns arising out of the Vistara merger. Competition Commission of India (CCI), on September 1, approved the proposed merger of Vistara with Air India under a deal wherein Singapore Airlines will also acquire a 25.1 per cent stake in Air India. Certain competition concerns due to the proposed merger were raised by the watchdog and to address them, the airlines have given certain commitments with respect to the merger. As per the commitments, Air India has voluntarily offered to maintain "minimum capacity/ supply level" on certain overlapping O&D (Origin & Destination) domestic and overseas routes. They are Bhubaneshwar-Delhi, Bengaluru-Guwahati, Cochin-Delhi, Delhi-Thiruvananthapuram, Amritsar-Delhi, Bhubaneshwar-Mumbai and Bengaluru-Delhi in

Air India, Vistara merger under lens as CCI looks for impact on competition

People in the know said that while CCI's scrutiny is unlikely to have any material impact on the business of the airlines, it could affect the timeline of the merger

Singapore Airlines promotes senior exec involved with AI-Vistara merger

Singapore Airlines on Monday announced the promotion of Tan Kai Ping, a senior officer extensively involved in the proposed merger of Air India and Vistara, to Executive Vice President of Operations and Chief Operations Officer. The merger between Air India and full-service carrier Vistara is a key plank of SIA's multi-hub strategy, the Singapore flag carrier said in a release on Monday. On November 29 last year, Tata Group announced the merger of the two airlines under a deal where SIA will also acquire a 25.1 per cent stake in Air India. Tan, who was extensively involved in the proposed merger of India's flag carrier and Vistara, also spearheaded the SIA Group's successful fundraising efforts during the Covid-19 pandemic. He led a multi-year initiative to strengthen the group's financial resilience, optimise working capital, and build the capacity and capability of SIA's Finance Division to meet the future needs of the business. Tan, currently Executive Vice President of Finance

Singapore Airlines reports record annual profit in 76-year history

The airline said it could ramp up operations at short notice when demand for air travel surged after Singapore fully reopened its borders in April 2022

Why merging Brand Vistara with Air India makes sense: Experts explains

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

Singapore Airlines' financial outlay for Vistara-AI merger minimal: Report

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 .