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Vistara to merge into Air India on November 12

  • Singapore Airlines received Indian govt approval for FDI in Air India merger
  • Merger will create one of world's largest airline groups, expected completion by end of 2024
  • SIA to acquire 25.1% stake in Air India as part of the deal
  • Merger still subject to compliance with applicable Indian laws
  • Parties discussing extension of long stop date, originally set for October 31, 2024

Source: Indian Express

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