Singapore Airlines (SIA) has acquired 25% of Air India with the first tranche of investments equal to 250 million dollars. Singapore Airlines intends to finance this investment entirely from its internal cash resources, which total approximately $17.5 billion. Currently, Air India (including Air India Express and AirAsia India) and Vistara have 218 widebody and narrow-body aircraft, serving 38 international and 52 domestic destinations. Goh Choon Phong, Chief Executive Officer of Singapore Airlines, said: “Tata Sons is one of the most established and respected names in India. “We want to transform Air India, with the aim of providing high-profile air services that ensure a flight experience for the customer that lives up to expectations.

Source: Ethiopian News December 10, 2022 00:19 UTC