India Approves Singapore Airlines' Significant FDI in Air India Group Amid Major Merger Move

India has approved a significant Rs 2,058.5-crore foreign direct investment by Singapore Airlines in Air India Group. This marks a crucial step in the merger of Vistara with Air India, creating one of the world's largest airline groups. The merger is set to complete by year's end.

India has given the green light to Singapore Airlines' Rs 2,058.5-crore foreign direct investment in Air India Group, a pivotal move in the merger of Vistara and Air India that will forge one of the world's largest airline groups.

Vistara, a joint venture between Tata Group and Singapore Airlines, is slated to cease operations under its own brand on November 11. The merger will give Singapore Airlines a 25.1% stake in the Air India Group.

The final regulatory approval, which cleared the last major hurdle for the merger, was announced on Friday. Air India CEO Campbell Wilson informed employees that the integration of Vistara's aircraft and crew would commence on November 12.

(With inputs from agencies.)