‘Aviation will grow in double digits in India for many years to come’
6 years, 3 months ago

‘Aviation will grow in double digits in India for many years to come’

Live Mint  

Geneva: India is set to become the third largest aviation market by 2025, after the US and China, says the International Air Transport Association. The global airline industry body also expects Indian aviation to grow in double digits for the next few years, while most developed global economies are expected to see slower aviation growth. India will, however, need to address several challenges that could delay its aviation growth story, including quickly building second airports and addressing related infrastructure needs at major cities, bringing down the high tax structure on jet fuel, MRO services, and other bottlenecks, IATA’s director general Alexandre de Juniac told Mint on the sidelines of a Global Media Day event recently. But, saying so, FDI limitation in Indian aviation sector has improved, and it has allowed Singapore Airlines to start a joint venture in India.

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History of this topic

Air India Expansion Plans On Pause As Delays In Aircraft Delivery Hinder Growth: CEO Wilson
5 days, 2 hours ago

Air India Expansion Plans On Pause As Delays In Aircraft Delivery Hinder Growth: CEO Wilson

ABP News  

Air India's expansion plans are set to face hurdles in the upcoming fiscal as aircraft delivery delays and ongoing refurbishments of wide-body planes constrain fleet growth. According to CEO and Managing Director Campbell Wilson, the Tata Group-owned airline, along with its low-cost subsidiary Air India Express, will receive multiple narrow-body aircraft this year, supporting domestic and short-haul international expansion in …

Dominance of foreign airlines on international routes to benefit Indian carriers: ICRA
1 week, 3 days ago

Dominance of foreign airlines on international routes to benefit Indian carriers: ICRA

Live Mint  

New Delhi, March 20 : The dominance of foreign airlines on international routes presents a significant growth opportunity for Indian carriers, according to a report by rating agency ICRA. International air passenger traffic for Indian carriers is projected to grow by 15-20 per cent in FY2025 and FY2026, against domestic air traffic growth of 7-10 per cent per year. Indian …

India will need 30,000 pilots in 15 to 20 years, says Civil Aviation Minister Naidu
2 weeks, 5 days ago

India will need 30,000 pilots in 15 to 20 years, says Civil Aviation Minister Naidu

New Indian Express  

NEW DELHI: India will need 30,000 pilots in the next 15-20 years as domestic airlines have more than 1,700 planes on order as they expand their network, Civil Aviation Minister K Rammohan Naidu said on Tuesday. Asserting that the ministry is working with a collective approach for the aviation industry, he also said that officials are verifying various aspects of …

In charts: How Indian airlines are going international
3 weeks ago

In charts: How Indian airlines are going international

Live Mint  

Ahead of the summer season, India's two leading airlines are ramping up their international presence. In February, Air India announced more flights on 10 international routes from end-March, as well as new or expanded tie-ups with five foreign carriers covering 48 foreign destinations. Indeed, though Indian airlines still trail foreign carriers, they have come out on the other side of …

Two different flight paths: Air India is fortifying its domestic network while IndiGo is going big on international
3 weeks, 3 days ago

Two different flight paths: Air India is fortifying its domestic network while IndiGo is going big on international

Live Mint  

Two disparate strategies, as different as chalk and cheese, adopted by the country’s two largest airlines, are playing out in Indian skies. The Tata group-owned Air India and Air India Express, have been transferring domestic routes, adding new destinations in India, and fortifying its presence across the country. The merger and close coordination between Air India and Air India Express …

Remodelling the UAE-India aviation partnership
3 weeks, 4 days ago

Remodelling the UAE-India aviation partnership

The Hindu  

During a recent tour of the Navi Mumbai International Airport in Maharashtra, I was left deeply impressed by the scale of India’s aviation ambitions. Navi Mumbai International Airport has the potential to serve as a game-changer in taking India’s aviation sector to exciting new heights, providing new avenues for the Indian travelling public to benefit from an increasingly inter-connected world. …

India open to raising flight quota with Singapore
1 month, 2 weeks ago

India open to raising flight quota with Singapore

The Hindu  

India is now open to reviewing Singapore’s request for a liberalised air service agreement, potentially allowing more flights and expanded access to Indian airports - a shift from its stance in recent years. “The government is open to considering demands for a revision in bilateral agreements for Singapore but Indian airlines have to first utilise the seat capacity allocated under …

3 years of Air India under the Tatas: The hits and misses of Maharajah
2 months ago

3 years of Air India under the Tatas: The hits and misses of Maharajah

Live Mint  

Air India, now a Tata group company, completes three years of handover to the Tata group on Jan 27, 2025. Mergers The group started with four airlines, one each which it started in collaboration with AirAsia Bhd and Singapore Airlines and the two which it acquired, Air India and Air India Express. This also saw Singapore Airlines take a 25.1% …

Air India ‘bullish’ on long-haul international routes
2 months, 2 weeks ago

Air India ‘bullish’ on long-haul international routes

The Hindu  

Air India Group, which completes three years of privatisation this month, has recorded the fastest growth in passengers on its far-flung international destinations such as the U.S., Europe and Australia. Air India’s focus on long-haul markets is complemented by its efforts to grow traffic on metro to metro routes domestically, where the Group is the second biggest with a 30% …

Air India sees a revenue goldmine in long-haul transit traffic
Trending News
2 months, 2 weeks ago

Air India sees a revenue goldmine in long-haul transit traffic

Live Mint  

Air India Ltd sees a lucrative opportunity in international transit traffic by flying people from North America and Europe to Asian destinations through India, expanding its share of a market dominated by foreign airlines. According to Air India data, foreign airlines enjoy a market share of 80% in long-haul transit traffic, while Indian airlines have less than 15%. "Air India …

Air India ‘bullish’ on long-haul travel
2 months, 2 weeks ago

Air India ‘bullish’ on long-haul travel

The Hindu  

Air India Group, which completes three years of privatisation this month, has recorded the fastest growth in market share on far-flung international destinations such as the U.S., Europe and Australia. In comparison, the passenger share of the Group, including the low-cost carrier Air India Express, has grown by 4% to 30% on domestic routes, while short-haul international routes have seen …

Singapore-bound Air India flight with 170 passengers return to Chennai due to technical issue mid-air
2 months, 2 weeks ago

Singapore-bound Air India flight with 170 passengers return to Chennai due to technical issue mid-air

Live Mint  

An Air India flight bound for Singapore returned to Chennai after pilots detected a technical snag mid-air on Friday, PTI reported citing airport officials. A similar incident was reported on Sunday when a Delhi-bound Air India flight made an emergency landing after one of its engines had stopped midair, PTI earlier reported citing sources. On January 3, Air India's subsidiary, …

Air India to see major expansion, increase global coverage: Airline chief
2 months, 4 weeks ago

Air India to see major expansion, increase global coverage: Airline chief

Hindustan Times  

New Delhi: Air India, which added 100 new aircraft to its order book towards the end of 2024, is set to see major expansions and increase its global coverage in 2025, the airline’s chief executive officer Campbell Wilson said on Wednesday. In his New Year greetings, Wilson said that the airline’s mergers and new aircraft deliveries have taken the Air …

Air India enhances fleet with 300 aircraft, aiming for global expansion by 2025
2 months, 4 weeks ago

Air India enhances fleet with 300 aircraft, aiming for global expansion by 2025

Hindustan Times  

Air India has covered a lot of ground since privatisation and its global coverage will further increase in the years ahead, the airline's chief Campbell Wilson said on Wednesday. In his New Year message, Wilson said these mergers and new aircraft deliveries have taken Air India Group's fleet to 300 aircraft, allowing it to expand to over 100 domestic and …

Indian aviation in 2024: A year of consolidations, survival and premiumisation
3 months, 1 week ago

Indian aviation in 2024: A year of consolidations, survival and premiumisation

Live Mint  

As 2024 comes to an end, a look at the last 12 months shows how much the aviation industry in India has changed and what lies ahead. The much-delayed merger finally got all the regulatory nods, and erstwhile AirAsia India, which had become AIX Connect, folded into Air India Express to create one large Low-Cost carrier for the group. Delays …

Indian airlines have expanded, but empty spots remain due to geopolitics
3 months, 2 weeks ago

Indian airlines have expanded, but empty spots remain due to geopolitics

Live Mint  

In the last two years, Indian carriers led by IndiGo and Air India have added international flights to a plethora of destinations. As the airlines aim to make India a transit hub and expand their wings, Air India and IndiGo have helped bridge the gap between connectivity by foreign and Indian carriers. The real expansion for Indian carriers started in …

IndiGo's 100% stock rally: What comes next?
3 months, 2 weeks ago

IndiGo's 100% stock rally: What comes next?

Live Mint  

Imagine this: it’s 2015, and India’s largest airline by domestic market share—IndiGo, holding nearly 35%—is preparing for its initial public offering. Improved connectivity and expanding infrastructure will not only bring more passengers into the fold but also reinforce IndiGo’s position as a market leader in India’s soaring aviation sector. Scaling with market growth: India’s aviation sector is poised for exponential …

Air India places firm order for 100 more aircraft with Airbus
Trending News
3 months, 3 weeks ago

Air India places firm order for 100 more aircraft with Airbus

Live Mint  

New Delhi: Tata Sons-owned Air India on Monday said it has placed a firm order for 100 more aircraft with Airbus. With the latest order, Air India's total order book now stands at 570 aircraft, which has overshadowed IndiGo's previous order of 500 aircraft. In 2023, Air India placed an order for 470 aircraft with Boeing and Airbus worth $70 …

International Civil Aviation Day: A glimpse into India's aviation industry
3 months, 3 weeks ago

International Civil Aviation Day: A glimpse into India's aviation industry

India Today  

International Civil Aviation Day, celebrated every year on December 7, is an important occasion to recognise the role of aviation in global connectivity, economic development, and fostering cultural exchange. This day also draws attention to the challenges faced by the aviation industry and the progress made in ensuring the safety, sustainability, and accessibility of air travel. In 2023, India’s aviation …

AI sees growth from domestic, short international flights in 2025: CEO Campbell Wilson
4 months ago

AI sees growth from domestic, short international flights in 2025: CEO Campbell Wilson

The Hindu  

Air India will see most of the air traffic growth coming from domestic and short-haul international operations in 2025 as more narrow-body planes are joining the fleet and legacy wide-body aircraft will be going for retrofit next year, the airline's chief Campbell Wilson said on Thursday, November 28, 2024. "Once it starts in 2025, we will be doing 3-4 aircraft …

Air India to increase fleet size by a third to 400 planes by 2027: CEO
4 months ago

Air India to increase fleet size by a third to 400 planes by 2027: CEO

Live Mint  

Tata Sons-owned Air India is aiming to increase the group's fleet capacity by a third to 400 aircraft by 2027, its chief executive Campbell Wilson said on Thursday. On 12 November, Air India completed its much-awaited merger with Vistara to create an integrated airline, partly owned by Singapore Airlines, that will be flying 120,000 passengers daily and connect more than …

Air India optimises five key domestic metro routes post-merger with Vistara
Trending News
4 months ago

Air India optimises five key domestic metro routes post-merger with Vistara

India TV News  

Post Vistara-integration, national carrier Air India on Wednesday announced an optimisation of its domestic route network that will prioritise deployment of its best narrowbody cabin products on five key metro-to-metro routes, beginning December 1. “We will progressively expand the coverage to more routes as Air India inducts new aircraft and completes the retrofit of our legacy narrowbody fleet during 2025,” …

Flying’s new high: Raise a toast to it?
4 months, 1 week ago

Flying’s new high: Raise a toast to it?

Live Mint  

It’s ironic that airlines in India aren’t in the best of shape, but demand for air travel in the country is touching new peaks. Surprisingly, though, a new record has been scaled weeks after Diwali, which suggests durable strength in this market, with its pandemic slump now a fading memory. While capacity has expanded a bit, a long expected wait …

The Taste by Vir Sanghvi: Farewell Vistara; the airline's legacy and challenges for Air India's future
4 months, 2 weeks ago

The Taste by Vir Sanghvi: Farewell Vistara; the airline's legacy and challenges for Air India's future

Hindustan Times  

So farewell then Vistara. Its inflight service was generally much better than Air India’s though its ground handling could be a mess. And judged purely as a venture between one of the world’s best airlines, Singapore Airlines, and India’s most respected business group, the Tatas, it was curiously underwhelming. I never quite worked out how even though Air India and …

Air India-Vistara merger completed: Tata-group airline becomes India’s largest international carrier; here’s how
Trending News
4 months, 2 weeks ago

Air India-Vistara merger completed: Tata-group airline becomes India’s largest international carrier; here’s how

Live Mint  

Air India on Tuesday completed the Vistara merger to create an integrated airline, partly owned by Singapore Airlines, that will be flying over 1,20,000 passengers daily and connect more than 90 destinations. "Post-merger, Air India Group operates a combined fleet of 300 aircraft covering 55 domestic and 48 international destinations, with 312 routes and 8,300 flights per week. Singapore Airlines …

Air India officially completes its merger with Vistara
Top News
4 months, 2 weeks ago

Air India officially completes its merger with Vistara

Hindustan Times  

The merger of Air India and Vistara has officially been completed on Tuesday, November 12, 2024. The new unified full-service carrier will operate flights as ‘Air India’ with the airline code ‘AI’ while Vistara aircraft can be identified by a four-digit flight number beginning with the digit “2”. Additionally, the existing members of Vistara’s loyalty programme Club Vistara have been …

Air India-Vistara merger complete; integrated entity to operate over 5,600 weekly flights
4 months, 2 weeks ago

Air India-Vistara merger complete; integrated entity to operate over 5,600 weekly flights

The Hindu  

Air India said on Tuesday that it has completed the integration and legal merger with Vistara, a day after the latter flew for the last time under its own flight code “UK”. The development follows the integration of Air India Express and erstwhile AirAsia India achieved last month to form the low-cost arm of the airline, that will complement the …

First Air India-Vistara flight takes off from Doha to Mumbai after merger
4 months, 2 weeks ago

First Air India-Vistara flight takes off from Doha to Mumbai after merger

Hindustan Times  

The integrated Air India-Vistara entity took its first flight from Doha to Mumbai on Monday night. The code 'AI2XXX' is being used for all Vistara flights operated by Air India post-merger to help passengers identify the flight when booking. Post-merger, Singapore Airlines will have a 25.1 per cent stake in the Air India-Vistara joint entity. “Cross-functional teams from Air India …

Vistara Completes Merger with Air India
4 months, 2 weeks ago

Vistara Completes Merger with Air India

Deccan Chronicle  

Chennai: Indian aviation space will be left with one full-service carrier after Vistara’s merger with Air India gets completed on Tuesday. Singapore Airlines will hold 25.1 per cent equity interest in the Air India Group. Over 90 per cent of the market share is now held by Indigo and Air India. IndiGo's market share is 62 per cent and the …

Why Indian carriers struggle to survive despite airport boom and record footfall
4 months, 2 weeks ago

Why Indian carriers struggle to survive despite airport boom and record footfall

Firstpost  

The Indian aviation industry may seem to be soaring, but it has a history of airline shutdowns due to money troubles, intense competition and management issues. While Air India merged with Indian Airlines in 2007 to become the largest full-service airline, other major players like Kingfisher, Jet Airways and Air Sahara all eventually collapsed. Boeing’s 2023 outlook estimates that over …

One market, two models: How a Vistara-enhanced Air India will take on budget airlines like IndiGo
4 months, 2 weeks ago

One market, two models: How a Vistara-enhanced Air India will take on budget airlines like IndiGo

Firstpost  

The merger of Vistara with Air India sets the stage for a fierce battle between full-service luxury and budget-friendly options as IndiGo continues to dominate the low-cost market On November 12, 2024, the Indian aviation industry will see a major shift with Vistara, a full-service airline jointly owned by Tata Group and Singapore Airlines, merging with Air India, which is …

‘Where sky isn’t the limit..,’ Vistara says ‘just the beginning’ as airline folds business
4 months, 2 weeks ago

‘Where sky isn’t the limit..,’ Vistara says ‘just the beginning’ as airline folds business

Live Mint  

It's Vistara's last day today! Also, the merger -- that will see Vistara's 49 per cent owner Singapore Airlines holding 25.1 per cent stake in Air India post the merger-- will mark the sunset of another Indian airline jointly owned by an overseas carrier after the liberalisation of foreign direct investment norms. AI brings major changes Air India stated, in …

Vistara’s final flight today as it merges with Air India
Top News
4 months, 2 weeks ago

Vistara’s final flight today as it merges with Air India

Hindustan Times  

Vistara will operate its final flight under its own brand on Monday, November 11, as it prepares to fully integrate with Air India. The government has approved foreign direct investment by Singapore Airlines in the Air India-Vistara merger, streamlining their integration into a single full-service carrier under the Air India brand. Vistara, a joint venture between Tata Group and Singapore …

Singapore Airlines To Infuse Rs 3,195 Crore In Air India After Vistara Merger
Trending News
4 months, 2 weeks ago

Singapore Airlines To Infuse Rs 3,195 Crore In Air India After Vistara Merger

ABP News  

Singapore Airlines is set to invest additional funds of Rs 3,194.5 crore in Air India after the merger of Vistara in November. The merger will be completed on November 11, 2024 and will end up in Singapore Airlines controlling a 25.1 per cent stake in the enlarged Air India, reported PTI. Considering the merger, Singapore Airlines Group on Friday said …

Connectivity, monopoly and airlines: How is winter shaping up for Indian aviation?
4 months, 3 weeks ago

Connectivity, monopoly and airlines: How is winter shaping up for Indian aviation?

Live Mint  

As the winter schedule kicks in, domestic airlines are already in expansion mode, with Air India Express expanding its services from Chennai and IndiGo opening up almost all flights on the IndiGoStretch between Delhi and Mumbai. Data shared by aviation analytics company Cirium throws up interesting statistics for November, after Vistara’s merger with Air India, the first full month of …

Air India-Vistara Merger: Carrier Brings In More Resources To Make Merger Process Smooth For Passengers
4 months, 3 weeks ago

Air India-Vistara Merger: Carrier Brings In More Resources To Make Merger Process Smooth For Passengers

ABP News  

Air India has reportedly brought in additional resources to help ensure a smooth transition for Vistara passengers post the merger. Media reports said that the carrier has brought in help desk kiosks at touch points and airports to make the whole experience easy for Vistara customers after the merger gets finalised next week. In the recent months, 2,70,000 passengers who …

Vistara's merger with Air India sparks concerns on service quality
7 months ago

Vistara's merger with Air India sparks concerns on service quality

Live Mint  

New Delhi: The merger between two full-service airlines of the Tata Group, Air India and Vistara, will be completed on 12 November. We are excited about this new phase in our journey and look forward to welcoming our customers again soon – as Air India," Vinod Kannan, chief executive officer of Vistara said in the statement. “For Vistara flights on …

Vistara to end services in November as merger with Air India gets key nod: Looking back at airline’s 3,595-day journey
7 months ago

Vistara to end services in November as merger with Air India gets key nod: Looking back at airline’s 3,595-day journey

Live Mint  

As Singapore Airlines informed the Singapore Stock Exchange about receiving approvals for foreign direct investment into Air India, the last of the hurdles for the merger of Vistara with Air India were crossed. {{^adFree}} {{/adFree}} Many firsts Vistara became the first airline to offer Premium Economy in Indian skies. The airline also became the first in India to offer a …

Deal to create one of world’s largest airline groups gets regulator approval
7 months ago

Deal to create one of world’s largest airline groups gets regulator approval

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Singapore Airlines has received approval from the Indian government to proceed with its merger with Air …

Air India-Vistara Merger: Govt Approves $276 Million Investment By Singapore Airlines
7 months ago

Air India-Vistara Merger: Govt Approves $276 Million Investment By Singapore Airlines

News 18  

The Centre cleared the last roadblock to national carrier Air India Ltd.’s merger with smaller rival Vistara, approving a S$360 million investment by Singapore Airlines Ltd. into the new combined carrier. With the clearance in place, the merger, which will see Singapore Airlines acquire a 25.1 percent stake in Air India, is expected to be completed by the end of …

Singapore Airlines gets FDI nod from Indian govt for Vistara-Air India merger
7 months ago

Singapore Airlines gets FDI nod from Indian govt for Vistara-Air India merger

Deccan Chronicle  

Singapore: 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 …

Vistara-Air India merger: Check impact on ticket bookings, flight operations and more
7 months ago

Vistara-Air India merger: Check impact on ticket bookings, flight operations and more

India Today  

The merger between Vistara and Air India is on track to be finalised by November 12, 2024. Impact on existing bookings, flight operations and more Booking cut-off date: Starting September 3, 2024, customers cannot book Vistara flights for travel on or after November 12, 2024. Booking transition: All bookings for routes previously operated by Vistara will be redirected to Air …

Vistara to fly for last time on November 11 before merger with Air India
7 months ago

Vistara to fly for last time on November 11 before merger with Air India

New Indian Express  

The merger between Vistara and Air India is likely to be finalized on November 12 as the former will fly for the final flight on November 11. This is an important milestone that facilitates the merger process between Vistara and Air India, and the broader transformation of the Air India Group,” said an Air India Spokesperson on Friday. Following Vistara’s …

Need to strengthen Indian airlines for international air travel: Economic Survey 2024
8 months, 1 week ago

Need to strengthen Indian airlines for international air travel: Economic Survey 2024

The Hindu  

Indian airlines need to be strengthened in order to ensure long-haul international air connectivity, the Economic Survey 2024 said. The emphasis on supporting Indian carriers, it said, was required to plug the leak caused by a large proportion of Indian long-haul international traffic travelling through connectivity hubs in the Middle East and Southeast Asia. At the same time, Air India …

Need a stronger aviation ecosystem to brace for 2X fleet expansion in 5-6 years
8 months, 2 weeks ago

Need a stronger aviation ecosystem to brace for 2X fleet expansion in 5-6 years

The Hindu  

The privatisation of Air India leading to the transfer of its ownership by the government to Tata Sons in 2022 and the ensuing transformation plan being undertaken at the airline has triggered a strategic transformation in the country’s airline sector. Meanwhile, India’s largest airline IndiGo, which has a fleet of about 370 aircraft with more than 980 on order, continues …

India to host 2nd Asia Pacific Ministerial conference on civil aviation
8 months, 2 weeks ago

India to host 2nd Asia Pacific Ministerial conference on civil aviation

The Hindu  

India will host the second Asia Pacific Ministerial Conference on civil aviation on September 11 and 12. As many as 39 Member States of U.N. aviation safety body International Civil Aviation Organisation fall in the Asia Pacific region and are expected to participate. “This region recorded the 33.41% of the global departures, which is the highest among all the regions …

Air India's top executives set to retain roles post Vistara merger: Report
8 months, 2 weeks ago

Air India's top executives set to retain roles post Vistara merger: Report

India Today  

Top executives at Air India are set to retain their roles following the airline's merger with Vistara, both operated by the Tata Group. Vistara, a joint venture between Tata Sons and Singapore Airlines, had Kannan seconded to the airline since 2019, initially serving as chief strategy officer. The majority of Vistara employees will join the new company, though some roles …

Vistara confident of meeting timeline for merger with Air India
8 months, 3 weeks ago

Vistara confident of meeting timeline for merger with Air India

The Hindu  

Vistara is hopeful of meeting the nine-month timeline for completing the merger with Air India as per the National Company Law Tribunal “comfortably”, according to its CEO Vinod Kannan. A key approval that is pending is regarding the Foreign Direct Investment from Singapore Airlines, which was also “on track”, Mr. Kannan informed Vistara employees in a mail. While the flying …

NCLT gives nod for Vistara-Air India merger
9 months, 3 weeks ago

NCLT gives nod for Vistara-Air India merger

The Hindu  

The National Company Law Tribunal on Thursday granted its approval for the merger of Vistara with Air India allowing a period of nine months for the dissolution of the former. The Tata Sons also fully own Air India Express which was merged with erstwhile AirAsia India, rechristened as Air India Connect after Malaysian airline group AirAsia sold its entire stake …

Air India-Vistara merger awaits FDI, other approvals: SIA
10 months, 2 weeks ago

Air India-Vistara merger awaits FDI, other approvals: SIA

New Indian Express  

NEW DELHI: Air India-Vistara merger will strengthen Singapore International Airlines’ multi-hub strategy and allow it to continue participating directly in the fast-growing aviation market, said SIA on Wednesday while announcing its March quarter results. SIA added that the merger is pending foreign direct investment and other regulatory approvals “Once completed, it will give SIA a 25.1% stake in an enlarged …

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