Singapore Airlines on Friday (Jun 16) refuted a media report saying it may raise its stake in Air India from the 25.1 per cent which it secured as part of the Tata Group's Vistara merger to create a bigger full-service India's national carrier. Singapore's state carrier's statement was in response to a rep
Singapore Airlines on Friday refuted a media report saying it may raise its stake in Air India from the 25.1 per cent which it secured as part of the Tata Group's Vistara merger to create a bigger full-service India's national carrier.
Singapore's state carrier's statement was in response to a report by Indian newspaper Mint, which said the carrier had expressed its desire to gradually raise its stake in the Indian airline to about 40 per cent. "The Mint story dated Jun 16, 2023 is incorrect. There no change in SIA's position from the November 2022 announcement," Singapore Airlines said.
The media report, citing three people familiar with the development, stated Singapore Airlines and the Tata Group have had initial talks regarding the potential increase in stake, in response to a request from a Singapore-based airline.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More Singapore manufacturing firms setting up shop in India - Singapore NewsApple, Samsung, Kia, Boeing, Siemens, and Toshiba are among the companies looking to bring a considerable amount of manufacturing to India. Singapore companies, while traditionally looking to their manufacturing needs to China and South East Asian countries, seem to be following suit
Read more »
Air Canada to launch direct Vancouver-Singapore flight in April 2024This will be the only non-stop service connecting Canada and Singapore after SIA axes this route in October 2023. Read more at straitstimes.com.
Read more »
Air Canada to launch direct flight between Singapore and Vancouver from April 2024SINGAPORE: A new direct flight between Singapore and Vancouver will start next April, which will make it the only non-stop service connecting Singapore and Canada. This route will be operated by Air Canada four times weekly onboard its flagship Dreaml
Read more »
HDB Housing Grants Available for Different Types of Flats in Singapore (2023) - Singapore NewsRead on to find out the different housing grants available, the eligibility criteria and what you need to look out for when applying for one
Read more »
Philippine Air, Avolon to finalise jet orders at air show -sourcesPhilippine Airlines is set to finalise an order for nine Airbus A350-1000 wide-body jets at next week's Paris Airshow, two industry sources said.The airline announced a provisional order in May to expand its route network as air travel recovers from the pandemic.A company source said the deal would
Read more »
Latest COE Prices in Singapore and Best Car Loans in June 2023 - Singapore NewsIndeed, the latest round of COE prices, released on 7 June, saw premiums rebound across the board (except for Cat E), proving that May’s results were merely an anomaly rather than the start of a much-awaited downtrend
Read more »