Singapore Airlines gets FDI approval for Air India-Vistara merger

Singapore Airlines gets FDI approval for Air India-Vistara merger

FILE PHOTO: A Boeing 777-312ER aircraft of Singapore Airlines takes off during cold winter weather from Zurich Airport near Ruemlang, Switzerland, December 14, 2022. REUTERS/Arnd Wiegmann/File Photo

Singapore Airlines (SIA) said on Friday it has received approval from the Indian government for foreign direct investment, as part of a merger in which Vistara, its 49%-owned joint venture with Tata, will be absorbed into Air India.