Singapore Airlines to invest ₹3,194.5 crore in Tata Group-owned Air India post-merger with Vistara, gaining 25.1% stake.

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.

The airline posted sharply weaker second-quarter earnings as increased capacity and stiffer competition in key markets weighed on yields.

Singapore Airlines (SIA) has committed an additional Rs 3,194.5 crore investment in Tata-owned Air India, strengthening its presence in the Indian aviation market. This move follows the imminent merger of Vistara,

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,