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The government has given its nod for the foreign direct investment by Singapore Airlines as part of the Air India-Vistara merger.
Vistara is a joint venture between Tata Group and Singapore Airlines.
Air India is owned by the Tata Group.
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Thereafter, Vistara aircraft will be operated by Air India and bookings for the routes operated by these planes will be redirected to Air India’s website.
“Vistara will continue to take bookings and operate flights as usual till 11 November 2024,” the release said.
The proposed merger of Vistara with Air India was announced in November 2022.
In a separate release, Air India welcomed the Union Cabinet’s approval for the foreign direct investment by Singapore Airlines in the airline.
“This is an important milestone that facilitates the merger process between Vistara and Air India, and the broader transformation of the Air India Group,” it said.