On Friday, Singapore Airlines clarified that it has not increased its ownership share in Air India beyond the previously announced 25.1%. This stake was acquired as part of the Vistara merger with the Tata Group, with the aim of establishing a larger full-service national carrier in India.
The statement from Singapore’s state carrier was issued in response to a media report claiming that its stake in the Indian airline had risen to approximately 40%.
About Air India:
Air India Express, headquartered in Kochi, Kerala, is an Indian low-cost airline. It is a wholly owned subsidiary of Air India, the national carrier of India. Air India Express operates approximately 649 flights per week, serving 33 destinations that include the Middle East and Southeast Asia.
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