Singapore Airlines gets FDI nod from Indian govt for Vistara-Air India merger
3 months, 3 weeks 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 in Air India, is expected to be completed by the end of this year. In a regulatory filing on Friday, Singapore Airlines said it has received approval from the Government of India for Foreign Direct Investment 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 towards the completion of the proposed merger," the airline said in the filing to the Singapore Stock Exchange.

History of this topic

Air India optimises five key domestic metro routes post-merger with Vistara
Trending News
3 weeks, 5 days ago
Air India announces deployment of best aircraft on metro routes from December
Trending News
3 weeks, 5 days ago
The Taste by Vir Sanghvi: Farewell Vistara; the airline's legacy and challenges for Air India's future
1 month, 1 week ago
Air India-Vistara merger completed: Tata-group airline becomes India’s largest international carrier; here’s how
Trending News
1 month, 1 week ago
Air India officially completes its merger with Vistara
Top News
1 month, 1 week ago
First Air India-Vistara flight takes off from Doha to Mumbai after merger
1 month, 1 week ago
Air India to serve ‘halal’ meals only on select routes | Check details
Trending News
1 month, 1 week ago
Vistara ends nine-year journey; operates last flight before merger with Air India
1 month, 1 week ago
Vistara-Air India merger comes into effect: Now, how many planes does Tata Group have? All you need to know
1 month, 1 week ago
Vistara ground staff bids emotional farewell to final flight after merger with Air India | WATCH
Top News
1 month, 1 week ago
Vistara Completes Merger with Air India
1 month, 1 week ago
Why Indian carriers struggle to survive despite airport boom and record footfall
1 month, 1 week ago
Vistara-Air India Merger: How will it impact passengers with loyalty points, membership
1 month, 1 week ago
Vistara to operate last flights today before merging with Air India
1 month, 1 week ago
Vistara Airlines calls it a day: ‘Sky isn’t the limit, its just the beginning'
1 month, 1 week ago
Air India-Vistara merger: How it affects Club Vistara, CV Points, and co-branded credit cards—explained
Top News
1 month, 1 week ago
‘Where sky isn’t the limit..,’ Vistara says ‘just the beginning’ as airline folds business
1 month, 1 week ago
Singapore Airlines to invest ₹3,194.5 crore more into Air India after Vistara merger for 25.1% stake
1 month, 1 week ago
Here's what happens to Club Vistara, co-branded credit cards, and CV Points after Air India-Vistara merger
1 month, 1 week ago
It’s Vistara’s last day! Netizens get emotional as Airline flies its final flights, say, ‘Thank you for the memories’
1 month, 1 week ago
Vistara’s final flight today as it merges with Air India
Top News
1 month, 1 week ago
Goodbye, Vistara: Airline set for final flight today as it merges with Air India
Trending News
1 month, 1 week ago
Air India-Vistara Merger: Certain AI Pilots Express Concerns Over Different Retirement Age
1 month, 1 week ago
Singapore Airlines To Infuse Rs 3,195 Crore In Air India After Vistara Merger
Trending News
1 month, 1 week ago
Vistara CEO to lead major post-merger integration as Air India reshuffles senior management
1 month, 2 weeks ago
Vistara experience isn’t going away: Air India assures passengers, promises same world-class service under new code
1 month, 2 weeks ago
Air India-Vistara Merger: Carrier Brings In More Resources To Make Merger Process Smooth For Passengers
1 month, 2 weeks ago
Air India posts 60% fall in losses at ₹4,444 crore in FY24: Tata Group
3 months, 2 weeks ago
What Happens To Your Booked Vistara Ticket After November 11? Know Details
3 months, 3 weeks ago
Vistara Shuts After Air India Merger: A Complete Timeline of Tata Group's Airline Business
3 months, 3 weeks ago
Club Vistara to end after Air India merger: What happens to your loyalty points?
3 months, 3 weeks ago
Vistara to end bookings: Loyalty points, last flight and all you need to know as a passenger
3 months, 3 weeks ago
Air India-Vistara Merger: Govt Approves $276 Million Investment By Singapore Airlines
3 months, 3 weeks ago
Vistara-Air India merger: Check impact on ticket bookings, flight operations and more
3 months, 3 weeks ago
Vistara to fly for last time on November 11 before merger with Air India
3 months, 3 weeks ago
Vistara offers voluntary retirement scheme and voluntary separation scheme to non-flying staff ahead of Air India merger
4 months, 3 weeks ago
Vistara Merger: Air India Rolls Out Voluntary Retirement Scheme For Non-flying Staff
5 months ago
Air India's top executives set to retain roles post Vistara merger: Report
5 months, 1 week ago
Vistara confident of meeting timeline for merger with Air India
5 months, 2 weeks ago
NCLT gives nod for Vistara-Air India merger
6 months, 2 weeks ago
Air India-Vistara merger awaits FDI, other approvals: SIA
7 months, 1 week ago
Air India, Vistara hold townhall; address pilots’, employees’ concerns
7 months, 1 week ago
Air India, Vistara merger to be completed by 2024-end
7 months, 1 week ago
Air India Express cancellations: Monopoly routes will be hit the most
7 months, 2 weeks ago
DGCA suspends Vistara vice president over pilot training lapses
7 months, 3 weeks ago
Air India-Vistara merger: The routes that will be in focus
9 months, 2 weeks ago
Air India-Vistara merger in progress; awaiting regulatory approvals: Singapore Airlines
10 months ago
Vistara CEO Kannan hopes for cost reduction in the Budget 2024
11 months, 2 weeks ago
‘Vistara-Air India operational merger likely by mid-2025’
11 months, 2 weeks ago

Discover Related