Full-service carrier Vistara is a joint venture between Tatas and Singapore Airlines, where the latter holds a 49% shareholding.

Singapore Airlines reported a slump in half-year earnings on Friday, reflecting stiff competition and higher costs, but added that it will post a gain of S$1.1 billion ($832.45 million) once the Air India-Vistara merger is completed.

Singapore Airlines Ltd. signaled profitability will remain under pressure despite expected "robust” demand for travel in the second half of the fiscal year, as it reported a slump in profit.

Singapore Airlines will make an additional investment of Rs 3,194.5 crore in Tata Group-owned Air India post-merger of Vistara in November. The merger, announced on Nov. 29, 2022, and set to be completed on Nov. 11, 2024, will result in Singapore Airlines having a 25.1% stake in the enlarged Air India.

Singapore Airlines Ltd. signaled profitability will remain under pressure despite expected “robust” demand for travel in the second half of the fiscal year, as it reported a slump in profit.

Singapore Airlines (SIA) reported a half-year profit on Friday that nearly halved year-on-year, reflecting intensifying market competition coupled with higher fuel costs and expenses. Airlines globally have ramped up the number of flights and routes to cater to robust air travel demand,