By: Shubham Ghosh
Singapore Airlines Ltd (SIA) on Thursday (13) said it was in confidential discussions with Indian conglomerate Tata Group over a potential deal that may see the integration of Vistara and Air India, Reuters reported.
“The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India,” the airlines said in a statement.
However, it also added that no definitive terms were agreed upon yet.
SIA owns a 49 per cent stake in Tata SIA Airlines, which operates Vistara, while 51 per cent is owned by the Indian company.
Air India did not immediately respond to a Reuters request for comment.