Singapore Airlines has received Indian government approval for foreign direct investment, clearing a significant hurdle in the merger of airline Vistara, its 49%-owned joint venture with Tata Group, into Air India,

India cleared the last roadblock to national carrier Air India Ltd.’s merger with smaller rival Vistara, approving a S$360 million ($276 million) investment by Singapore Airlines Ltd. into the new combined carrier.

The merger, first announced in November 2022, is anticipated to be completed by the end of 2024. Singapore Airlines noted that the completion of the deal is contingent on compliance with Indian laws and other regulatory approvals.

T he Indian government has given its nod to Singapore Airlines for foreign direct investment under the proposed merger of Vistara with Air India. With the necessary approvals secu