Indian conglomerate Tata Group is merging Air India with Vistara, its joint venture with Singapore Airlines (SIA), to create a bigger full-service carrier that will strengthen its presence in domestic and international skies.
Car-to-steel conglomerate Tata will hold 74.9 percent of the combined entity, while SIA will own the remaining 25.1 percent, the Indian group said in a statement on Tuesday.
