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Vistara, Air India merger would enable SIA to retain critical foothold in market
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SIA and Tata set up Vistara in 2013, and the airline began operations in January 2015.
ST PHOTO: ALPHONSUS CHERN
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SINGAPORE - Singapore Airlines (SIA) confirmed on Thursday what has been an open secret in aviation circles - it is in talks with its Indian partner Tata Group over a potential merger of its 49 per cent-owned Indian entity Vistara with Air India.
Tata, which owns 51 per cent of Vistara, is perhaps India's most prominent conglomerate.
